Laws of New York (Last Updated: November 21, 2014) |
CVP Civil Practice Law and Rules |
Article 50-A. PERIODIC PAYMENT OF JUDGMENTS IN MEDICAL AND DENTAL MALPRACTICE ACTIONS |
Section 5032. Form of security
Latest version.
-
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 insurance pursuant to section five thousand thirty-nine of this article, and approved by the court.