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3. Investments (Details) - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018
Gross Unrealized Gains | $ 729,688 |  | $ 0 |
US Treasury Securities |  |  |  |
Cost or Amortized Cost | 7,037,856 |  | 8,222,050 |
Gross Unrealized Gains | 23,244 |  | 26,331 |
Gross Unrealized Losses-Less than 12 Months | 0 |  | (28,000) |
Gross Unrealized Loss-More than 12 Months | 0 |  | 0 |
Fair Value | 7,061,100 |  | 8,220,381 |
Net Unrealized Gains/(Losses) | 23,244 |  | (1,669) |
Fixed Maturity Securities Political Subdivisions Of States Territories And Possessions |  |  |  |
Cost or Amortized Cost | 9,151,293 |  | 6,339,540 |
Gross Unrealized Gains | 181,835 |  | 50,903 |
Gross Unrealized Losses-Less than 12 Months | (11,316) |  | (12,327) |
Gross Unrealized Loss-More than 12 Months | 0 |  | (36,508) |
Fair Value | 9,321,812 |  | 6,341,608 |
Net Unrealized Gains/(Losses) | 170,519 |  | 2,068 |
Fixed Maturity Securities Corporate And Other Bonds Industrial And Miscellaneous |  |  |  |
Cost or Amortized Cost | 119,874,573 |  | 119,078,698 |
Gross Unrealized Gains | 5,777,624 |  | 123,740 |
Gross Unrealized Losses-Less than 12 Months | (16,685) |  | (2,775,540) |
Gross Unrealized Loss-More than 12 Months | (13,473) |  | (676,605) |
Fair Value | 125,622,039 |  | 115,750,293 |
Net Unrealized Gains/(Losses) | 5,747,466 |  | (3,328,405) |
Fixed Maturity Securities Residential mortgage backed securities |  |  |  |
Cost or Amortized Cost | 26,138,633 | [1] | 21,790,973 | [2]
Gross Unrealized Gains | 437,841 | [1] | 236,502 | [2]
Gross Unrealized Losses-Less than 12 Months | (68,793) | [1] | (231,229) | [2]
Gross Unrealized Loss-More than 12 Months | (276,451) | [1] | (331,012) | [2]
Fair Value | 26,231,230 | [1] | 21,465,234 | [2]
Net Unrealized Gains/(Losses) | 92,597 | [1] | (325,739) | [2]
Fixed Maturity Securities Total Fixed Maturity Securities |  |  |  |
Cost or Amortized Cost | 162,202,355 |  | 155,431,261 |
Gross Unrealized Gains | 6,420,544 |  | 437,476 |
Gross Unrealized Losses-Less than 12 Months | (96,794) |  | (3,047,096) |
Gross Unrealized Loss-More than 12 Months | (289,924) |  | (1,044,125) |
Fair Value | 168,236,181 |  | 151,777,516 |
Net Unrealized Gains/(Losses) | 6,033,826 |  | (3,653,745) |
Equity Securities Preferred Stocks |  |  |  |
Cost or Amortized Cost | 8,374,424 |  | 6,694,754 |
Gross Unrealized Gains | 339,257 |  | 0 |
Gross Unrealized Losses | (11,794) |  | (541,798) |
Fair Value | 8,701,887 |  | 6,152,956 |
Equity Securities Common Stocks |  |  |  |
Cost or Amortized Cost | 14,250,244 |  | 11,611,232 |
Gross Unrealized Gains | 1,982,878 |  | 99,817 |
Gross Unrealized Losses | (273,627) |  | (1,291,389) |
Fair Value | 15,959,495 |  | 10,419,660 |
Equity Securities Total Equity Securities |  |  |  |
Cost or Amortized Cost | 22,624,668 |  | 18,305,986 |
Gross Unrealized Gains | 2,322,135 |  | 99,817 |
Gross Unrealized Losses | (285,421) |  | (1,833,187) |
Fair Value | $ 24,661,382 |  | $ 16,572,616 |
[1] | KICO placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the Federal Home Loan Bank of New York ("FHLBNY") (See Note 9). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of December 31, 2019, the estimated fair value of the eligible investments was approximately $7,284,000. KICO will retain all rights regarding all securities if pledged as collateral. As of December 31, 2019, there was no outstanding balance on the FHLBNY credit line.
[2] | KICO placed certain residential mortgage backed securities as eligible collateral in a designated custodian account related to its membership in the Federal Home Loan Bank of New York ("FHLBNY") (See Note 9). The eligible collateral would be pledged to FHLBNY if KICO draws an advance from the FHLBNY credit line. As of December 31, 2018, the estimated fair value of the eligible investments was approximately $5,116,000. KICO will retain all rights regarding all securities if pledged as collateral. As of December 31, 2018, there was no outstanding balance on the FHLBNY credit line.

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