N.Y. Insurance Law § 306: Immunity from prosecution

§ 306. Immunity from prosecution. (a) At any hearing conducted

pursuant to this chapter or in any cause or proceeding instituted by the

superintendent pursuant to this chapter, the superintendent, or his

deputy or other officer conducting the hearing, cause or proceeding may

confer immunity in accordance with the provisions of section 50.20 of

the criminal procedure law.

(b) No person compelled in accordance with the provisions of section

50.20 of the criminal procedure law to give answer or produce evidence

of any other kind at any such hearing, cause or proceeding shall be

exempt from the refusal, revocation or suspension of any license,

permission or authority conferred, or to be conferred, pursuant to this

chapter. Any person testifying at any such hearing, cause or proceeding

may execute, acknowledge and file in the office of the superintendent a

statement expressly waiving his immunity or privilege against

self-incrimination in respect to any transaction, matter or thing

specified in such statement and thereupon the answers given or evidence

produced by such person in relation to such transaction, matter or thing

may be received or produced before any judge or justice, court,

tribunal, grand jury or otherwise, and if so received or produced such

person shall not be entitled to any immunity or privilege on account of

any answers he may so give or evidence he may so produce.