Legislation
SECTION 5032
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.
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.