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Reinsurance
 6 Months Ended
Jun. 30, 2011
Reinsurance  
Reinsurance

Note 6 - Reinsurance

The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:

 

     Gross
Amount		      Ceded to
Other
Companies		      Assumed
from Other
Companies		      Net
Amount		  

Three months ended June 30, 2011

            

  Premiums written and contract deposits

      $266,430         $  8,228             $1,122             $259,324   

  Premiums and contract charges earned

      173,968         8,637             1,014             166,345   

  Benefits, claims and settlement expenses

      173,461         10,359             707             163,809   

Three months ended June 30, 2010

            

  Premiums written and contract deposits

      $262,216         $  8,669             $1,219             $254,766   

  Premiums and contract charges earned

      176,338         9,039             1,131             168,430   

  Benefits, claims and settlement expenses

      119,411         1,913             883             118,381   

Six months ended June 30, 2011

            

  Premiums written and contract deposits

      $518,081         $16,214             $1,559             $503,426   

  Premiums and contract charges earned

      348,670         17,222             1,583             333,031   

  Benefits, claims and settlement expenses

      286,385         13,200             1,225             274,410   

Six months ended June 30, 2010

            

  Premiums written and contract deposits

      $508,169         $17,224             $2,527             $493,472   

  Premiums and contract charges earned

      350,501         18,188             2,470             334,783   

  Benefits, claims and settlement expenses

      234,881         5,551             1,968             231,298