Security authorized for payment of judgment for periodic installments

Security authorized or required for payment of a judgment for periodic installments entered in accordance with this chapter shall be in one or more of the following forms and approved by the court: (1) Bond executed by a qualified insurer; (2) Annuity contract executed by a qualified insurer; (3) Evidence of applicable and collectible liability insurance with one or more qualified insurers; (4) An agreement by one or more qualified insurers to guarantee payment of the judgment; or (5) Any other satisfactory form of security. Security complying with this section serves also as a required supersedeas bond. Source: SL 1986, ch 163 , § 7.