New York Civil Practice Law & Rules Section 5032 - Form of security.

  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.

Last modified: February 3, 2019