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Liability for Unpaid Claims and Claim Adjustment Expenses (Tables) | 3 Months Ended
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Mar. 31, 2021
Insurance [Abstract] |
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense | Roll forward of Claim Liability The following table presents the activity in the net liability for unpaid losses and allocated loss adjustment expenses of short duration contracts for the following periods:
| For the Three Months Ended March 31,
| 2021 |  | 2020
Policy liabilities and unpaid claims balance as of January 1, | $ | 233,438 |  |  | $ | 144,384 |
Less: liabilities of policy-holder account balances, gross | (5,419) |  |  | (11,589) |
Less: non-insurance warranty benefit claim liabilities | (30,664) |  |  | (85) |
Gross liabilities for unpaid losses and loss adjustment expenses | 197,355 |  |  | 132,710 |
Less: reinsurance recoverable on unpaid losses - short duration | (113,163) |  |  | (88,599) |
Less: other lines, gross | (247) |  |  | (230) |
Net balance as of January 1, short duration | 83,945 |  |  | 43,881 |
Incurred (short duration) related to: |  |  |
Current year | 50,013 |  |  | 43,604 |
Prior years | (36) |  |  | 2,289 |
Total incurred | 49,977 |  |  | 45,893 |
Paid (short duration) related to: |  |  |
Current year | 36,498 |  |  | 36,437 |
Prior years | 1,914 |  |  | 3,003 |
Total paid | 38,412 |  |  | 39,440 |
Net balance as of March 31, short duration | 95,510 |  |  | 50,334 |
Plus: reinsurance recoverable on unpaid losses - short duration | 124,375 |  |  | 88,428 |
Plus: other lines, gross | 786 |  |  | 248 |
Gross liabilities for unpaid losses and loss adjustment expenses | 220,671 |  |  | 139,010 |
Plus: liabilities of policy-holder account balances, gross | 5,120 |  |  | 10,594 |
Plus: non-insurance warranty benefit claim liabilities | 25,532 |  |  | 45,860 |
Policy liabilities and unpaid claims balance as of March 31, | $ | 251,323 |  |  | $ | 195,464 |
Reconciliation of Short Duration Contracts to Total Losses Incurred | The following schedule reconciles the total short duration contracts per the table above to the amount of total losses incurred as presented in the condensed consolidated statements of operations, excluding the amount for member benefit claims:
| Three Months Ended March 31, |  |
| 2021 |  | 2020 |  |  |  |  |  |
Short duration incurred | $ | 49,977 |  |  | $ | 45,893 |  |  |  |  |  |  |
Other lines incurred | 1 |  |  | — |  |  |  |  |  |  |
Unallocated loss adjustment expenses | 273 |  |  | 83 |  |  |  |  |  |  |
Total losses incurred | $ | 50,251 |  |  | $ | 45,976 |  |  |  |  |  |  |

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- Definition Reconciliation of Short Duration Contracts to Total Losses Incurred [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=116884095&loc=d3e14764-158437 + Details
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