§ 10-3-1112 — Immunity from prosecution

(1) If any person asks to be excused
from attending and testifying or from producing any books, papers, records,
correspondence, or other documents at any hearing on the ground that the
testimony or evidence required of him may tend to incriminate him or subject him to
a penalty or forfeiture and, notwithstanding, is directed to give such testimony or
produce such evidence, he must comply with such direction; but he shall not
thereafter be prosecuted or subjected to any penalty or forfeiture for or on account
of any transaction, matter, or thing concerning which he may testify or produce
evidence pursuant thereto; and no testimony so given or evidence so produced shall
be received against him upon any criminal action, investigation, or proceeding. No
such individual so testifying may be exempt from prosecution or punishment for
perjury in the first degree committed by him while so testifying, and the testimony
or evidence so given or produced shall be admissible against him upon any criminal
action, investigation, or proceeding concerning such perjury; nor may he be exempt
from the refusal, revocation, or suspension of any license, permission, or authority
conferred, or to be conferred, pursuant to the insurance law of this state.

(2) Any such individual may execute, acknowledge, and file in the office of
the commissioner a statement expressly waiving such immunity or privilege in
respect to any transaction, matter, or thing specified in such statement and
thereupon the testimony of such person or such evidence 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
individual shall not be entitled to any immunity or privilege on account of any
testimony he may so give or evidence so produced.

Legislative History

Source: L. 73: R&RE, p. 862, � 1. C.R.S. 1963: � 72-14-12.