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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.