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v3.22.2.2

Notes and Accounts Receivable, net (Tables) | 9 Months Ended
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Sep. 30, 2022
Receivables [Abstract] |
Schedule of notes and accounts receivable | The following table presents the Company’s investments in loans measured at fair value and the Company’s investments in loans measured at fair value pledged as collateral:
| As of September 30, 2022 |  | As of December 31, 2021
| Fair value |  | Unpaid principal balance (UPB) |  | Fair value exceeds / (below) UPB |  | Pledged as collateral |  | Fair value |  | Unpaid principal balance (UPB) |  | Fair value exceeds / (below) UPB |  | Pledged as collateral
Insurance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate loans (1) | $ | 12,584 |  |  | $ | 14,888 |  |  | $ | (2,304) |  |  | $ | — |  |  | $ | 7,099 |  |  | $ | 10,156 |  |  | $ | (3,057) |  |  | $ | — |
Mortgage: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans held for sale (2) | 58,200 |  |  | 58,985 |  |  | (785) |  |  | 57,165 |  |  | 98,484 |  |  | 95,264 |  |  | 3,220 |  |  | 95,542 |
Total loans, at fair value | $ | 70,784 |  |  | $ | 73,873 |  |  | $ | (3,089) |  |  | $ | 57,165 |  |  | $ | 105,583 |  |  | $ | 105,420 |  |  | $ | 163 |  |  | $ | 95,542 |
(1) The cost basis of Corporate loans was approximately $14,888 and $9,094 at September 30, 2022 and December 31, 2021, respectively. (2) As of September 30, 2022, there were no mortgage loans held for sale that were 90 days or more past due. As of December 31, 2021, there was one mortgage loan held for sale that was 90 days or more past due, with a fair value of $136. The following table presents the total notes and accounts receivable, net:
| As of
| September 30, 2022 |  | December 31, 2021
Accounts and premiums receivable, net | $ | 141,251 |  |  | $ | 137,082 |
Retrospective commissions receivable | 178,263 |  |  | 157,853 |
Notes receivable, net - premium financing program | 114,091 |  |  | 89,788 |
Trust receivables | 15,256 |  |  | 41,889 |
Other receivables | 33,124 |  |  | 27,757 |
Total notes and accounts receivable, net | $ | 481,985 |  |  | $ | 454,369 |
The following table presents the total valuation allowance and bad debt expense for the following periods:
| Valuation allowance |  | Bad Debt Expense
| As of |  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| September 30, 2022 |  | December 31, 2021 |  |  |  |
|  |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Notes receivable, net - premium financing program (1) | $ | 95 |  |  | $ | 123 |  |  | $ | 39 |  |  | $ | 68 |  |  | $ | 129 |  |  | $ | 210 |  |  |
Accounts and premiums receivable, net | $ | 81 |  |  | $ | 120 |  |  | $ | 9 |  |  | $ | 10 |  |  | $ | 54 |  |  | $ | 20 |  |  |
(1) As of September 30, 2022 and December 31, 2021, there were $239 and $1,311 in balances classified as 90 days plus past due, respectively.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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