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One of the earliest and most common forms of prize indemnity insurance is hole-in-one insurance. Hole-in-one insurance, often purchased by a golf tournament host or sponsor, reimburses tournament organizers for the cost of awarding a hole-in-one prize in the event a tournament participant successfully hits a hole-in-one during the tournament.
Hamman founded SCA Promotions in 1986. The company offers a form of insurance where they cover the prize money for large competitions, initially focusing on hole-in-one prizes in golf. [19] In 2015, SCA was able to retrieve money from Lance Armstrong that had been paid to cover prize money. [20]
In 1991, Gilmartin added to his business holdings by co-founding Hole In One International, a full-service golf promotions and prize indemnification insurance company. [1] Soon thereafter, Hole In One International added a sister company, Odds On Promotions, to handle the non-golf promotion and prize indemnification requests it was receiving.
The prize winner, Linda L. Chen, of Orange County, never got the keys or title to the car after her hole-in-one on the 11th hole at Isleworth Golf & Country Club in Windermere on May 22, the ...
If you are successful with a hole-in-one on the bonus 19th hole at Mt. Atlanticus Minotaur Goff, 8th Ave. S. and Kings Hwy. in Myrtle Beach, you’ll receive a lifetime membership.
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Body-part insurance, for people whose livelihood depends on the state of a particular part of their body, such as actors' legs or noses [2] Kidnapping of key corporate executives [3] Hole-in-one insurance, for country clubs or other venues hosting golf tournaments with large cash prizes for a hole-in-one [4]
Dec. 13—NEWBERRY — Kirk Atwood, a United States Army veteran, won the hole-in-one prize, a Gravely Atlas side-by-side all terrain vehicle provided by Tony Hedgepath, during the 36th Annual ...