There is a newer version
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the New York Laws
2019 New York Laws
CVP - Civil Practice Law and Rules
Article 50-B - Periodic Payment of Judgments in Personal Injury, Injury to Property and Wrongful Death Actions
5042 - Form of Security.
Universal Citation: NY CPLR § 5042 (2019)
§ 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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