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Fair Value of Financial Instruments and Real Estate (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Reinsurance receivables, net	$ 282,000	$ 19,638,000
Reinsurance balances payable	6,979,735	11,714,724
Carrying Value [Member]
Fixed-maturity securities held-to-maturity	7,368,815	3,825,952
Cash and cash equivalents	19,463,742	32,391,485
Premiums receivable, net	14,020,716	12,706,411
Reinsurance receivables, net	45,460,729	40,750,538
Real estate, net of accumulated depreciation	2,219,999	2,292,743
Reinsurance balances payable	6,979,735	11,714,724
Fair Value [Member]
Fixed-maturity securities held-to-maturity	8,194,824	4,124,767
Cash and cash equivalents	19,463,742	32,391,485
Premiums receivable, net	14,020,716	12,706,411
Reinsurance receivables, net	45,460,729	40,750,538
Real estate, net of accumulated depreciation	2,705,000	2,705,000
Reinsurance balances payable	$ 6,979,735	$ 11,714,724

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Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

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Gross amount, as of the balance sheet date, due the entity from (a) agents and insureds, (b) uncollected premiums and (c) others, before deducting the allowance for doubtful accounts.

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Amount of accumulated depreciation pertaining to real estate investments for entities with a substantial portion of business acquiring and holding investment real estate.

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 360
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The carrying amount as of the balance sheet date of the known and estimated amounts owed to insurers under reinsurance treaties or other arrangements.

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The sum for all reinsurance arrangements of the known and estimated amount recoverable as of the balance sheet date from a given reinsurer for claims paid or incurred by the ceding insurer and associated claims settlement expenses for each reinsurance arrangement (or, the sum of all cases determined individually, probably applying different assumptions to each arrangement).

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