1814 ARTICLE 48A.

tor, or representative thereof, receive, hold, accept or purchase as an
inducement to insurance, any stock, bonds or other securities of any such,
or any other corporation. Nothing herein contained shall prevent any
corporation, association, partnership, Lloyd's, individual underwriters, or
reciprocal association, lawfully doing an insurance business in this State
as an insurer, from the distribution of surplus and dividends to policy
holders after the first year of insurance, nor prevent any member of an
inter-insurance, or Lloyd's association, or reciprocal association, from
receiving the profit of its underwriting. Nor shall anything herein con-
tained prevent any licensed broker, individual, co-partnership or corpora-
tion, from sharing or dividing commissions earned or received by him,
them or it, with any other insurance broker or brokers, licensed by this
State, who shall have aided in respect to the insurance for the negotiation
of which such commissions shall have been earned or paid, nor shall it
prevent the agent or solicitor of any company from sharing or dividing
commissions earned or received by him with any other licensed agent, or
solicitor, of the same company in which such business was written or
placed, who shall have aided in respect to the insurance on which such
commissions shall have been earned or paid. Nothing contained hereir
shall be held to prevent the coverage of risks by temporary binders, or
temporary contracts of insurance, or such other memoranda as do not
conflict with the laws of this State or the foregoing provisions of this sec-
tion provided that when the insurance effective thereunder remains in
force for fifteen days or more the premium applicable to the risk insured
under such temporary binders, contracts or memoranda is paid for the
full time during which such insurance shall have been in force by virtue
of such binders, temporary contracts or insurance or other memoranda,
and any violation of this provision shall constitute a rebate. Nothing
herein contained shall prohibit any such corporation, association, part-
nership, Lloyd's, individual underwriters, or reciprocal association, or any
officer, agent, solicitor or representative thereof or any insurance broker,
from distributing or presenting to any person, or corporation articles
intended for and used for advertising media! No one shall be excused from
attending and, when ordered to do so, from testifying or producing any
books, papers or other documents before the Insurance Commissioner,
or the Deputy Insurance Commissioner, or any court or magistrate, upon
any investigation, proceeding or trial, for a violation of any of the pro-
visions hereof, upon the ground, and for the reason that the testimony or
evidence, documentary or otherwise, required of him may tend to convict
him of a crime or subject him to a penalty or forfeiture. No person shall
be prosecuted or subjected to any penalty or forfeiture for, or on account
of, any transaction, matter or thing, concerning which he may have been
required so to testify or to produce evidence documentary or otherwise,
and no testimony so given, or produced, shall be received against him on
any criminal investigation or procedure. Any person or corporation vio-
lating the provisions of this section shall be guilty of a misdemeanor and
shall forfeit to the people of this State the sum of five hundred dollars
($500.00) for each such violation.