CPLR 5042 · Article 50-B. Periodic Payment of Judgments In Personal Injury, Injury to Property and Wrongful Death Actions
Form of security
Verbatim from the official edition
Text — Law content up to date as of July 3, 2026, as published by the New York State Senate (Open Legislation)
§ 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.
Source of truth
- Edition
- Law content up to date as of July 3, 2026, as published by the New York State Senate (Open Legislation)
- Official file
- https://legislation.nysenate.gov/pdf/laws/CVP5042
- Text hash
- sha256 9a72cfb4047f031e6f6daf158361ef1b696872dac6b61add1df1a2db98249b6c
- Composed by
- gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.