§ 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.
Form of security
N.Y. Civil Practice Law & Rules Law § 5032, under Periodic Payment of Judgments In Medical and Dental Malpractice Actions.
N.Y. Civil Practice Law & Rules Law § 5032