I've had to do it once for a diver who appeared to be having a heart attack (turns out he wasn't but everybody involved thought he was). We were only a metre or so under the water but he'd also managed to undo the belly clip and cummerbund on his BCD because his chest was burning and he couldn't breathe so the only thing keeping him from an express elevator to the sea bed was his BCD chest strap. This was a big guy wearing a significant amount of lead so I ditched his belt and pushed him back to the boat. To this day I have no idea what happened cos I asked the guy to see a doctor, he promised he would, and disappeared at the jetty... however he walked away from whatever problems he did have.
That's once in my 10 year dive career, and it happened after I started working in the industry, where I suppose I am more likely to encounter these sorts of things.
(if you are one of those kinds of people who need to know - since the depth of that area was only 9 metres, we got the weight belt back).
Cheers,
C.