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Investments In Securities (Tables) | 3 Months Ended
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Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract] |
Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities | The aggregate estimated fair value, gross unrealized holding gains, gross unrealized holding losses and cost or amortized cost for securities by major security type are as follows:
As of March 31, 2016 | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Fixed maturities, available-for-sale, at fair value: |  |  |  |  |  |  |
General obligations of U.S. states, territories and political subdivisions | $ | 32,257,800 |  |  | $ | 1,110,229 |  |  | $ | 13,243 |  |  | $ | 33,354,786 |
Special revenue issuer obligations of U.S. states, territories and political subdivisions | 52,061,731 |  |  | 3,234,721 |  |  | 909 |  |  | 55,295,543 |
Corporate debt securities | 17,006,078 |  |  | 727,908 |  |  | 492 |  |  | 17,733,494 |
Total | $ | 101,325,609 |  |  | $ | 5,072,858 |  |  | $ | 14,644 |  |  | $ | 106,383,823 |
Equity securities, available-for-sale, at fair value: |  |  |  |  |  |  |  |  |  |  |
Common stocks | $ | 23,962,393 |  |  | $ | 13,807,635 |  |  | $ | 88,459 |  |  | $ | 37,681,569 |
Total | $ | 23,962,393 |  |  | $ | 13,807,635 |  |  | $ | 88,459 |  |  | $ | 37,681,569 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |
Money market funds and certificates of deposit | $ | 7,520,069 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,520,069 |
Total | $ | 7,520,069 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,520,069 |
As of December 31, 2015 | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Estimated Fair Value
Fixed maturities, available-for-sale, at fair value: |  |  |  |  |  |  |
General obligations of U.S. states, territories and political subdivisions | $ | 31,883,439 |  |  | $ | 987,595 |  |  | $ | 11,734 |  |  | $ | 32,859,300 |
Special revenue issuer obligations of U.S. states, territories and political subdivisions | 52,202,815 |  |  | 2,604,152 |  |  | 26,127 |  |  | 54,780,840 |
Corporate debt securities | 17,004,985 |  |  | 539,832 |  |  | 58,473 |  |  | 17,486,344 |
Auction rate securities | 924,587 |  |  | 15,313 |  |  | — |  |  | 939,900 |
Total | $ | 102,015,826 |  |  | $ | 4,146,892 |  |  | $ | 96,334 |  |  | $ | 106,066,384 |
Equity securities, available-for-sale, at fair value: |  |  |  |  |  |  |  |  |  |  |
Common stocks and nonredeemable preferred stocks | $ | 23,855,873 |  |  | $ | 13,785,968 |  |  | $ | 128,377 |  |  | $ | 37,513,464 |
Total | $ | 23,855,873 |  |  | $ | 13,785,968 |  |  | $ | 128,377 |  |  | $ | 37,513,464 |
Short-term investments: |  |  |  |  |  |  |  |  |  |  |
Money market funds and certificates of deposit | $ | 6,865,406 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,865,406 |
Total | $ | 6,865,406 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,865,406 |
Schedule Of Fixed Maturity Securities | The scheduled maturities of fixed maturity securities at March 31, 2016 were as follows:
| Available-for-Sale
| Amortized Cost |  | Fair Value
Due in one year or less | $ | 11,488,568 |  |  | $ | 11,607,930 |
Due after one year through five years | 43,806,261 |  |  | 45,722,867 |
Due five years through ten years | 44,039,421 |  |  | 46,529,077 |
Due after ten years | 1,991,359 |  |  | 2,523,949 |
Total | $ | 101,325,609 |  |  | $ | 106,383,823 |
Schedule Of Gross Realized Gains And Losses On Securities | Realized gains and losses on investments for the three months ended March 31 are summarized as follows:
| 2016 |  | 2015
Gross realized gains from securities: |  |  |  |  |
Special revenue issuer obligations of U.S. states, territories and political subdivisions | $ | 160 |  |  | $ | — |
Corporate debt securities | — |  |  | 999 |
Common stocks and nonredeemable preferred stocks | 227,960 |  |  | 8,200 |
Auction rate securities | 74,996 |  |  | — |
Total | $ | 303,116 |  |  | $ | 9,199 |
Gross realized losses from securities: |  |  |  |  |
General obligations of U.S. states, territories and political subdivisions | $ | — |  |  | $ | (396 | )
Special revenue issuer obligations of U.S. states, territories and political subdivisions | (85 | ) |  | — |
Common stocks and nonredeemable preferred stocks | (116,952 | ) |  | — |
Other than temporary impairment of securities | (42,794 | ) |  | — |
Total | $ | (159,831 | ) |  | $ | (396 | )
Net realized gain from securities | $ | 143,285 |  |  | $ | 8,803 |
Net realized gain on other investments: |  |  |
Gains on other investments | 6,545 |  |  | 6,000 |
Total | $ | 6,545 |  |  | $ | 6,000 |
Net realized gain on investments | $ | 149,830 |  |  | $ | 14,803 |
Schedule Of Unrealized Losses On Investments | The following table presents the gross unrealized losses on investment securities and the fair value of the securities, aggregated by investment category and length of time that individual securities have been in a continuous loss position at March 31, 2016 and December 31, 2015:
| Less than 12 Months |  | 12 Months or Longer |  | Total
As of March 31, 2016 | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
General obligations of U.S. states, territories and political subdivisions | $ | 1,122,050 |  |  | $ | (143 | ) |  | $ | 1,070,310 |  |  | $ | (13,100 | ) |  | $ | 2,192,360 |  |  | $ | (13,243 | )
Special revenue issuer obligations of U.S. states, territories and political subdivisions | 893,506 |  |  | (909 | ) |  | — |  |  | — |  |  | 893,506 |  |  | (909 | )
Corporate debt securities | 890,520 |  |  | (492 | ) |  | — |  |  | — |  |  | 890,520 |  |  | (492 | )
Total fixed income securities | $ | 2,906,076 |  |  | $ | (1,544 | ) |  | $ | 1,070,310 |  |  | $ | (13,100 | ) |  | $ | 3,976,386 |  |  | $ | (14,644 | )
Equity securities | $ | 2,123,918 |  |  | $ | (88,459 | ) |  | $ | — |  |  | $ | — |  |  | $ | 2,123,918 |  |  | $ | (88,459 | )
Total temporarily impaired securities | $ | 5,029,994 |  |  | $ | (90,003 | ) |  | $ | 1,070,310 |  |  | $ | (13,100 | ) |  | $ | 6,100,304 |  |  | $ | (103,103 | )
| Less than 12 Months |  | 12 Months or Longer |  | Total
As of December 31, 2015 | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
General obligations of U.S. states, territories and political subdivisions | $ | 1,758,345 |  |  | $ | (11,734 | ) |  | $ | — |  |  | $ | — |  |  | $ | 1,758,345 |  |  | $ | (11,734 | )
Special revenue issuer obligations of U.S. states, territories and political subdivisions | 1,672,217 |  |  | (5,139 | ) |  | 1,183,963 |  |  | (20,989 | ) |  | 2,856,180 |  |  | (26,128 | )
Corporate debt securities | 6,981,275 |  |  | (58,472 | ) |  | — |  |  | — |  |  | 6,981,275 |  |  | (58,472 | )
Total fixed income securities | $ | 10,411,837 |  |  | $ | (75,345 | ) |  | $ | 1,183,963 |  |  | $ | (20,989 | ) |  | $ | 11,595,800 |  |  | $ | (96,334 | )
Equity securities | $ | 5,533,667 |  |  | $ | (128,377 | ) |  | $ | — |  |  | $ | — |  |  | $ | 5,533,667 |  |  | $ | (128,377 | )
Total temporarily impaired securities | $ | 15,945,504 |  |  | $ | (203,722 | ) |  | $ | 1,183,963 |  |  | $ | (20,989 | ) |  | $ | 17,129,467 |  |  | $ | (224,711 | )
Schedule of Variable Interest Entities | The following table sets forth details about the Company's variable interest investments in VIEs as of March 31, 2016:
Type of Investment |  | Balance Sheet Classification |  | Carrying Value |  | Estimated Fair Value |  | Maximum Potential Loss (a)
Tax credit LP's |  | Other investments |  | $ | 969,153 |  |  | $ | 969,153 |  |  | $ | 1,325,000 |
Real estate LLC's or LP's |  | Other investments |  | 3,481,576 |  |  | 3,688,921 |  |  | 6,150,000 |
Small business investment LP's |  | Other investments |  | 2,127,376 |  |  | 2,029,385 |  |  | 1,800,000 |
Total |  |  |  | $ | 6,578,105 |  |  | $ | 6,687,459 |  |  | $ | 9,275,000 |
(a) |  | Maximum potential loss is calculated as the total investment in the LLC or LP including any capital commitments that may have not yet been called. The Company is not exposed to any loss beyond the total commitment of its investment.

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