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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Net premiums earned $ 26,636,856 $ 31,201,279 $ 53,578,306 $ 60,797,168
Ceding commission revenue 3,480,214 675,695 7,311,313 1,953,378
Net investment income 1,612,006 1,719,769 3,277,850 3,343,481
Net gains (losses) on investments 2,697,868 678,655 (3,746,550) 2,714,018
Other income 683,480 329,972 1,313,099 695,873
Total revenues 35,110,424 34,605,370 61,734,018 69,503,918
Expenses        
Loss and loss adjustment expenses 12,813,631 17,672,308 29,199,452 46,806,532
Commission expense 7,850,607 7,299,173 15,749,798 14,152,589
Other underwriting expenses 6,325,472 5,416,449 13,087,264 11,552,440
Other operating expenses 1,420,160 1,097,468 2,983,780 2,068,640
Depreciation and amortization 673,160 627,669 1,360,254 1,230,001
Interest expense 456,545 456,545 913,090 913,090
Total expenses 29,539,575 32,569,612 63,293,638 76,723,292
Income (loss) from operations before income taxes 5,570,849 2,035,758 (1,559,620) (7,219,374)
Income tax expense (benefit) 962,659 396,378 723,607 1,523,564
Net income (loss) 4,608,190 1,639,380 (836,013) (5,695,810)
Other comprehensive income, net of tax        
Gross change in unrealized gains on available-for-sale-securities 10,887,611 3,679,475 4,160,122 7,868,191
Reclassification adjustment for gains included in net income (loss) 148,495 12,364 46,273 34,795
Net change in unrealized gains 11,036,106 3,691,839 4,206,395 7,902,986
Income tax expense related to items of other comprehensive income (2,317,582) (775,285) (883,342) (1,659,626)
Other comprehensive income, net of tax 8,718,524 2,916,554 3,323,053 6,243,360
Comprehensive income $ 13,326,714 $ 4,555,934 $ 2,487,040 $ 547,550
Earnings (loss) per common share:        
Basic $ 0.43 $ 0.15 $ (0.08) $ (0.53)
Diluted $ 0.43 $ 0.15 $ (0.08) $ (0.53)
Weighted average common shares outstanding        
Basic 10,733,354 10,771,717 10,770,598 10,764,824
Diluted 10,734,784 10,785,064 10,770,598 10,764,824
Dividends declared and paid per common share $ 0.0400 $ 0.1000 $ 0.1025 $ 0.2000