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2014 New York Laws
CVP - Civil Practice Law & Rules
Article 50-A - (5031 - 5039) PERIODIC PAYMENT OF JUDGMENTS IN MEDICAL AND DENTAL MALPRACTICE ACTIONS
5032 - Form of security.

NY CPLR § 5032 (2014) What's This?
  5032. 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 thirty-nine of this article,
  and approved by the court.

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