Section 5042. 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  forty-nine  of  this article, and
  approved by the court.

                    
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