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This entry was published on 2014-09-22
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Form of security
Civil Practice Law & Rules (CVP) CHAPTER 8, ARTICLE 50-A
§ 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.