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N.Y. C.P.L.R. 5042

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Rule 5042 Form of security

Article 50-B: Periodic Payment of Judgments In Personal Injury, Injury to Property and Wrongful Death Actions

Rule Text

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

Rule 5042 Form of security

Rule Text

Plain-English Summary (for reference only — not a substitute for the rule text above)

Committee Notes