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Fair Value Measurements (Details) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Political subdivisions of states, territories and possessions $ 5,916,075 $ 9,321,812
U.S. Treasury securities and obligations of U.S. government corporations and agencies 3,069,330 7,061,100
Corporate and other bonds industrial and miscellaneous 123,200,758 125,622,039
Residential mortgage and other asset backed securities 24,352,426 26,231,230
Total fixed maturities 156,538,589 168,236,181
Equity securities 29,623,267 24,661,382
Total investments 186,161,856 192,897,563
Level 1 [Member]    
Political subdivisions of states, territories and possessions 0 0
U.S. Treasury securities and obligations of U.S. government corporations and agencies 3,069,330 7,061,100
Corporate and other bonds industrial and miscellaneous 121,119,461 123,010,772
Residential mortgage and other asset backed securities 0 0
Total fixed maturities 124,188,791 130,071,872
Equity securities 29,623,267 24,661,382
Total investments 153,812,058 154,733,254
Level 2 [Member]    
Political subdivisions of states, territories and possessions 5,916,075 9,321,812
U.S. Treasury securities and obligations of U.S. government corporations and agencies 0 0
Corporate and other bonds industrial and miscellaneous 2,081,297 2,611,267
Residential mortgage and other asset backed securities 24,352,426 26,231,230
Total fixed maturities 32,349,798 38,164,309
Equity securities 0 0
Total investments 32,349,798 38,164,309
Level 3 [Member]    
Political subdivisions of states, territories and possessions 0 0
U.S. Treasury securities and obligations of U.S. government corporations and agencies 0 0
Corporate and other bonds industrial and miscellaneous 0 0
Residential mortgage and other asset backed securities 0 0
Total fixed maturities 0 0
Equity securities 0 0
Total investments $ 0 $ 0