JORDAN, Presiding Judge.
1. Pertinent provisions of the undisputed insurance contract are as follows: A "consigned vehicle" means a land motor vehicle held by the named insured for sale, not owned and not encumbered by a security interest of a creditor of the named insured. A "covered automobile" means a land motor vehicle of a type designated in the schedule as a covered automobile to which the insurance applies which is (a) held by the named insured for sale or...
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