Montana man aces hole-in-one contest, but doesn’t get $18,000 payment
| MATT GOURAS, Associated Press |
Now state authorities are intervening, and issued an arrest warrant last week against the operator of an insurance company they say failed to pay up on a policy purchased by the
Peissig, a scratch golfer, said it is a case of "how a good situation can go bad quickly."
The
But the
"We want to make sure these companies aren't getting a gimme when it comes to paying these claims," said Lindeen, who suggested people check first with regulators that sellers of such insurance are licensed and registered with state authorities.
Kolenda did not return a call Tuesday from The Associated Press seeking comment.
In a letter Kolenda sent to the tournament sponsor denying the claim, he claimed the hole was too short and violated the 165-yard minimum in the policy contract. Kolenda referenced the 130-yard length noted on the
But state investigators and local police determined the
Peissig had previously hit three hole-in-ones prior to stepping to the tee box on the 12th hole at the
The 30-year-old former golf teacher said there were "some ace rumblings" in his group before he hit the 7-iron shot _ which landed a couple feet in front of the hole, checked up and rolled in.
"When I made that ace, I was stoked. I was pumped. That was really cool to have that happen," said Peissig. "Then it all went south."
The company failed to call the impartial judges to the shot for months, and then misrepresented their statements, Peissig said. The new father said the company even called him in early 2011 to say the money was on the way, only to send a rejection letter several months later.
"The money would be fantastic. My wife and I, we are a young family," said Peissig, who isn't counting on getting the money at this point. "At the same time, if there was a way for this hole-in-one company to not do this again to someone else, that would be just awesome."
| Copyright: | (c) 2012 The Associated Press. All rights reserved. |
| Source: | Associated Press |
| Wordcount: | 546 |


Letters to the Editor [Yakima Herald-Republic (WA)]
Advisor News
- Partial annuitization: How advisors can help clients balance income, growth
- Guide women along the walk through widowhood
- Dutch gambling tax hike falls short as prediction markets eye World Cup
- Caregiving: A challenge that costs employers billions
- Could your practice benefit from an advisory board?
More Advisor NewsAnnuity News
- Partial annuitization: How advisors can help clients balance income, growth
- Guide women along the walk through widowhood
- Regulators clear way to rewrite annuity illustration rules
- Diversification’s growing importance in retirement planning
- AI’s dual reality: Efficiency for insurers, disruption for agents
More Annuity NewsHealth/Employee Benefits News
- They harvest the nation’s food, but a new rule may strip them of health insurance
- CALPERS HOLDS HEALTH PREMIUM INCREASE TO 4.97% FOR 2027 WHILE ADVANCING CARE QUALITY
- PHARMACY OWNER AND TECHNICIAN SENTENCED FOR FALSIFYING AUDIT DOCUMENTS AND SUBMITTING FRAUDULENT CLAIMS
- Reports from Kaiser Permanente Northern California Advance Knowledge in Managed Care (Trends in Infertility Treatments by Race, Ethnicity, Socioeconomic Status, and Region in U.S. Birth Certificates from Live Births: 2011-2022): Managed Care
- Research from University of Pennsylvania School of Nursing Reveals New Findings on Managed Care (Association of intervention fidelity and outcomes in implementation of the Thrive transitional care program for Medicaid-insured individuals): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- SWBC’s Joan Cleveland Reappointed to Texas Association of Life & Health Insurers (TALHI) Board of Directors
- AM Best Introduces US Life Version of Best’s Capital Adequacy Ratio Model Product
- Change the lens you use to evaluate premium-financed IUL
- AI’s dual reality: Efficiency for insurers, disruption for agents
- Insurance industry employment shows disturbing declines
More Life Insurance News