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2013 New York Consolidated Laws
CVP - Civil Practice Law & Rules
Article 50-B - (5041 - 5049) PERIODIC PAYMENT OF JUDGMENTS IN PERSONAL INJURY, INJURY TO PROPERTY AND WRONGFUL DEATH ACTIONS
5042 - Form of security.


NY CPLR § 5042 (2012) What's This?
 
    §  5042. Form of security. Security authorized or required for payment
  of a judgment for periodic installments entered in accordance with  this
  article  must  be  in  the  form  of  an annuity contract, executed by a
  qualified insurer  and  approved  by  the  superintendent  of  financial
  services  pursuant  to section five thousand forty-nine of this article,
  and approved by the court.

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