12-588. Form of funding


A. Funding authorized or required for payment of a judgment for periodic
installments shall be approved by the court as sufficient to guarantee financial solvency
and be in one or more of the following forms:


1. An annuity contract issued by one or more qualified insurers.


2. An agreement by one or more qualified insurers to fund the judgment.


3. Any other form of funding which the court approves and to which the claimant
consents.


B. Funding under this section qualifies as a required supersedeas bond.


C. In the event of a qualified assignment under section 130 of the internal revenue
code of 1986, as amended, the qualified assignee and any qualified insurer shall be
jointly and severally liable but the qualified insurer's obligation shall be the primary
obligation.