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Reinsurance | 12 Months Ended
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Dec. 31, 2022
Reinsurance Disclosures [Abstract] |
Reinsurance | ReinsuranceThe Company assumes and cedes reinsurance with other insurance companies in the normal course of business. There were no premiums assumed for 2022 and 2021, respectively. Ceded premiums were approximately $818 thousand and $518 thousand for 2022 and 2021, respectively. Ceded reinsurance is comprised of excess of loss treaties, which outline the conditions in which the reinsurance company will pay claims and protect against losses over certain agreed upon amounts. The Company remains liable to the insured for claims under ceded insurance policies in the event the assuming insurance companies are unable to meet their obligations under these contracts. The Company did not pay or recover any reinsured losses during 2022 and 2021.

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- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI http://asc.fasb.org/topic&trid=2303980 + Details
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