New York Statutes

§ 5032 — Form of security

New York·Law CVP Civil Practice Law & Rules·Art. 50-A Periodic Payment of Judgments In Medical and Dental Malpractice Actions
§ 5032. Form of security. Security authorized or required for payment\nof a judgment for periodic installments entered in accordance with this\narticle must be in the form of an annuity contract, executed by a\nqualified insurer and approved by the superintendent of financial\nservices pursuant to section five thousand thirty-nine of this article,\nand approved by the court.\n

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