HOLE-IN-ONE INSURANCE
All REGULAR and ASSOCIATE members are
insured by virtue of payment of annual dues.
All members of the Los Verdes Men's Club who had a Hole-In-One must announce this fact to the bartender upon completion of his round, ON THAT DAY.
All Los Verdes members, or foursome guests of the Hole-In-One recipient, present in the clubhouse, or on the course, shall be eligible to one drink on the day the Hole-In-One is made.
The insurance fund will pay a maximum of $300.00 (including a 17% tip) Bar/Coffee Shop tab for each Hole-In-One. The REGULAR or ASSOCIATE member shall close the tab, and SIGN IT OFF, prior to leaving.
The year end balance in the Hole-In-One Insurance fund shall be carried forward to the following year's Hole-In-One Insurance fund by the club treasurer.