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Investments (Details 5) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income:        
Fixed-maturity securities $ 1,264,633 $ 1,499,135 $ 4,106,404 $ 4,500,346
Equity securities 290,834 253,594 787,702 666,247
Cash and cash equivalents 1,834 75,253 89,993 288,334
Total 1,557,301 1,827,982 4,984,099 5,454,927
Expenses:        
Investment expenses 63,215 28,571 212,163 254,893
Net investment income $ 1,494,086 $ 1,856,553 $ 4,771,936 $ 5,200,034