{"jurisdiction": "us-ny", "code": "cplr", "section": "5042", "citation": "CPLR § 5042", "heading": "Form of security", "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."], "official_source": "https://www.nysenate.gov/legislation/laws/CVP/5042", "from_official_api": true, "plain_english": "Security for the periodic-installment judgment **must be an annuity contract** from a **qualified insurer**, **approved by the Superintendent of Financial Services** (per § 5049) **and approved by the court**. ★", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/cplr/5042", "publisher": "Elyphived LLC"}