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Schedule I | 12 Months Ended
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Dec. 31, 2017
Summary of Investments, Other than Investments in Related Parties [Abstract] |
Summary of Investments - Other than Investments in Related Parties | SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES AS OF DECEMBER 31, 2017
Type of Investment | Cost (1) |  | Market Value |  | Amount at which shown in the Balance Sheet (2)
Fixed maturities: |  |  |  |  |
Bonds: |  |  |  |  |
Government obligation | $ | 1,042,921 |  |  | $ | 1,041,970 |  |  | $ | 1,041,970 |
General obligations of U.S. states, territories and political subdivisions | 23,979,386 |  |  | 24,435,873 |  |  | 24,435,873 |
Special revenue issuer obligations of U.S. states, territories and political subdivisions | 45,848,032 |  |  | 47,470,175 |  |  | 47,470,175 |
Public utilities | 16,953,592 |  |  | 17,383,561 |  |  | 17,383,561 |
Corporate debt securities | 12,490,154 |  |  | 13,009,504 |  |  | 13,009,504 |
Total fixed maturities | 100,314,085 |  |  | 103,341,083 |  |  | 103,341,083 |
Equity securities: |  |  |  |  |
Common stocks: |  |  |  |  |
Public utilities | 312,656 |  |  | 459,265 |  |  | 459,265 |
Banks, trusts and insurance companies | 5,213,975 |  |  | 9,112,321 |  |  | 9,112,321 |
Industrial, miscellaneous and all other | 17,596,334 |  |  | 30,385,656 |  |  | 30,385,656 |
Technology | 2,879,654 |  |  | 7,409,584 |  |  | 7,409,584 |
Total equity securities | 26,002,619 |  |  | 47,366,826 |  |  | 47,366,826 |
Other investments: |  |  |  |  |
Short-term investments | 23,779,672 |  |  | 23,779,672 |  |  | 23,779,672 |
Other investments (3) | 11,024,172 |  |  | 11,024,172 |  |  | 11,024,172 |
Total other investments | 34,803,844 |  |  | 34,803,844 |  |  | 34,803,844 |
Total investments (3) | $ | 161,120,548 |  |  | $ | 185,511,753 |  |  | $ | 185,511,753 |
(1) Fixed maturities are shown at amortized cost and equity securities are shown at original cost. (2) All fixed maturities presented are classified as available-for-sale and shown at estimated fair value. Equity securities are shown at fair value. (3) The above summary of investments does not include investments in related parties accounted for under the cost and equity methods of accounting in the amount of $1,008,254.

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- Definition The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=4738149 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 325 -URI http://asc.fasb.org/subtopic&trid=4738175 + Details
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