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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


 

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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