Do you want to make some money? Yes--is that your final answer?

Rough Notes, May 2000 by France, Larry

According to John Everhart of J.P Everhart and National Hole-InOne Association: "Prior to 1981, the availability of hole-in-one prize indemnity insurance was very limited primarily through markets such as Lloyd's of London. Low tournament activity produced high rates, which further restricted sales." In 1981, Everhart formed the National Hole-InOne Association to mass-market the insurance concept to golf professionals in Texas. In the beginning, limits up to only $25,000 were offered. Times changed and with favorable experience, the rates were reduced and limits were raised. The largest single hole-in-one prize the association has insured was $10 million cash at the Aruba Aces championship. Normal tournament par three consists of cash or automobiles; but unusual prizes such as a crop duster airplane, Arabian horses and even a casket at a funeral directors' tournament have been insured. National Hole-In-One Association, with offices in Dallas and London, is the oldest and largest provider of hole-inone prize indemnity coverage, having insured over 200,000 golf events.

The final answer: This is a tool to make more money and enhance client relationships.

The following markets responded to our survey and indicated that they can provide coverage for special events or prize indemnification. Several of the markets are operating not only in the United States but in Canada, and, in some cases, worldwide.

American Security Underwriters Agency

111 John St. New York, NY 10038 Contact: Abe Snyder Phone: (888) 488-POWER Fax: (212) 619-3818

An MGA operating in all 50 states offering $1 million in limits. Various A rated carriers are utilized to place coverage.

Bohrer, Croxdale & McAdoo, Inc, P.O. Box 2760 Springfield, MO 65801 Contact: Rachel Day, Cecilia Early, or Marilyn Foster Phone: (800) 779-2550 Fax: (888) 869-2550

Arkansas Office P O. Box 1190 Conway, AR 72033 Contact: Clay Farris Phone (800) 594-5101 Fax: (800) 726-7707

An MGA operating in AR, IL, KS and MO offering limits of $1 million and higher. Liquor liability, auto and inland marine also are available. Various A rated carriers are utilized.

Bolton & Company 1045 Stark Bldg. Louisville, KY 40202 Contact: Sandy Ballard Phone: (800) 292-6547 Fax: (502) 584-6131 E-mail: gaabolton@aol.com

Web site:

www.boltonmga.com

An MGA operating in IL, IN, KY, OH and TN offering limits up to $10 million. Target market is events one day or longer. Liquor liability, rain, and excess liability are also available. Various A rated or better are utilized to place coverage. Burns & Wilcox, Ltd.

30833 Northwestern Hwy., Ste. 220 Farmington Hills, MI 48334 Contact: Home office for local branch Phone: (800) 521-1918

An MGA/E&S broker operating in all 50 states except AK, HI, MA, ME, NJ, NY and WA offering primary limits of $1 million, $2 million and up to $10 million on excess. All classes are considered. Liquor liability, event cancellation, and weather are also available. Various carriers are utilized to place coverage.

Central Insurex Agency, Inc.