PER CURIAM:
Ranger Insurance Company ("Ranger") appeals the district court's refusal to grant a directed verdict or a judgment notwithstanding the verdict on R.V. Tutor's claim for compensatory and punitive damages arising out of an alleged breach of an insurance contract. For the reasons that follow, we reverse in part.
I.
On November 2, 1982, Tutor, as insured, entered into a contract for insurance with Ranger covering Tutor's 1980 Timberjack model...
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