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Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Interest Payments | The interest rate will equal the rate that corresponds to the A.M. Best Co. (or its successor’s) financial strength rating for members of the United Fire & Casualty Pooled Group as of the applicable Interest Payment Date, as set forth in the table below. For the three-month period ended March 31, 2021, interest expense totaled $797. Payment of interest is subject to approval by the Iowa Insurance Division.
A.M. Best Co. Financial Strength Rating | Applicable Interest Rate
A+ | 5.875%
A | 6.375%
A- | 6.875%
B++ (or lower) | 7.375%

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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