Jim would like to start a business raising thoroughbred racehorses. The business would be the first...
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Jim would like to start a business raising thoroughbred racehorses. The business would be the first of its kind in the state where he lives. Obtaining insurance on the horses is a key concern but he cannot find any insurance company licensed in his state willing to insure this risk. What type of insurance company will he have to contact to obtain insurance if no licensed insurer will sell him a policy? Jim would like to start a business raising thoroughbred racehorses. The business would be the first of its kind in the state where he lives. Obtaining insurance on the horses is a key concern but he cannot find any insurance company licensed in his state willing to insure this risk. What type of insurance company will he have to contact to obtain insurance if no licensed insurer will sell him a policy?
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Jim would need to contact a surplus lines insurance compa... View the full answer
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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