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Investments in Securities and Fair Value Schedule of Fair Value Assets Measured on Recurring Basis (Details) - USD ($) | Dec. 31, 2016 | Dec. 31, 2015
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Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Short-term investments | $ 6,558,840 | $ 6,865,406
Available for sale securities, equity securities | 41,179,259 | 37,513,464
Available-for-sale, fixed maturity | 101,934,077 | 106,066,384
Total | 149,672,176 | 150,445,254
Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Short-term investments | 6,558,840 | 6,865,406
Total | 47,738,099 | 44,378,870
Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Short-term investments | 0 | 0
Total | 101,934,077 | 105,126,484
Level 3 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Short-term investments | 0 | 0
Total | 0 | 939,900
Common stocks |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available for sale securities, equity securities | 41,179,259 | 37,513,464
Common stocks | Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available for sale securities, equity securities | 41,179,259 | 37,513,464
Common stocks | Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available for sale securities, equity securities | 0 | 0
Common stocks | Level 3 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available for sale securities, equity securities | 0 | 0
Obligations of U.S. states, territories and political subdivisions |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 88,093,996 | 87,640,140
Obligations of U.S. states, territories and political subdivisions | Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 0 | 0
Obligations of U.S. states, territories and political subdivisions | Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 88,093,996 | 87,640,140
Obligations of U.S. states, territories and political subdivisions | Level 3 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 0 | 0
Corporate debt securities |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 13,840,081 | 18,426,244
Corporate debt securities | Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 0 | 0
Corporate debt securities | Level 2 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | 13,840,081 | 17,486,344
Corporate debt securities | Level 3 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |
Available-for-sale, fixed maturity | $ 0 | $ 939,900

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