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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.
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.
Scroll down for the best of this year's nine-hole exhibition: ... Masters Par 3 Contest Prize. ... Augusta native Luke List also carded a hole in one on the sixth hole for the day's first ace.
The par 3s featured team hole-in-one prizes, but the player who hit the single best shot on each of these holes over the two-day competition received a gift valued at $20,000 or more from Sentient Jet on Hole #2, Audemars Piguet on Hole #5, Polk Audio on Hole #11 and Hugo Boss on Hole #15. Should a player hit a hole-in-one, that player won the ...
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 ...
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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]
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