XML 23 R11.htm IDEA: XBRL DOCUMENT v3.21.2

Fair Value of Financial Instruments and Real Estate

6 Months Ended

Jun. 30, 2021

Fair Value of Financial Instruments and Real Estate

5 - Fair Value of Financial Instruments and Real Estate

Note 5 - Fair Value of Financial Instruments and Real Estate

The estimated fair values of the Company’s financial instruments and real estate as of June 30, 2021 and December 31, 2020 are as follows:

		June 30, 2021								December 31, 2020
		Carrying				Estimated				Carrying				Estimated
		Value				Fair Value				Value				Fair Value
Fixed-maturity securities-held-to maturity		$	9,822,799			$	10,458,317			$	7,368,815			$	8,194,824
Cash and cash equivalents		$	43,059,747			$	43,059,747			$	19,463,742			$	19,463,742
Premiums receivable, net		$	10,719,732			$	10,719,732			$	11,819,639			$	11,819,639
Reinsurance receivables, net		$	28,192,924			$	28,192,924			$	45,460,729			$	45,460,729
Real estate, net of accumulated depreciation		$	2,181,335			$	2,705,000			$	2,219,999			$	2,705,000
Reinsurance balances payable		$	2,026,000			$	2,026,000			$	6,979,735			$	6,979,735

X

- References

No definition available.

+ Details

Name:	us-gaap_ExtraordinaryAndUnusualItemsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of accounting policy for determining the fair value of financial instruments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 60
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13279-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

+ Details

Name:	us-gaap_FairValueOfFinancialInstrumentsPolicy
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration