No person shall be excused from attending and testifying or producing evidence upon any examination, hearing, or investigation conducted by or under authority of the Commissioner, on the ground that his/her testimony or the evidence required of him/her may tend to incriminate him/her or subject him/her to a penalty or forfeiture. Unless such person in writing expressly waives such privilege or immunity, he/she shall not be prosecuted or punished in any criminal action or proceeding as a result of any act, transaction, matter or thing concerning which he/she is so compelled to produce evidence or to testify under oath, except for perjury committed in such testimony; but such immunity shall not bar the suspension or revocation of any certificate of authority or license held by such person under this Code.
History —Ins. Code, added as § 2.170 on Aug. 13, 2008, No. 263, § 7, eff. 3 months after Aug. 13, 2008.