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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Net premiums earned $ 27,938,318 $ 29,360,976 $ 85,701,467 $ 83,936,424
Ceding commission revenue 5,536,327 4,886,094 16,393,944 14,283,077
Net investment income 1,444,360 1,418,521 4,437,208 3,411,946
Net (losses) gains on investments (824,370) (397,658) 597,643 (9,313,436)
Other income 142,036 269,702 454,160 750,169
Total revenues 34,236,671 35,537,635 107,584,422 93,068,180
Expenses        
Loss and loss adjustment expenses 21,932,453 22,027,516 66,552,565 63,624,755
Commission expense 8,210,430 8,702,190 25,221,374 25,534,307
Other underwriting expenses 6,318,625 7,276,101 19,873,882 20,717,047
Other operating expenses 441,963 809,597 1,868,011 2,357,367
Depreciation and amortization 741,059 824,975 2,327,691 2,472,348
Interest expense 988,699 456,545 3,004,564 1,369,635
Total expenses 38,633,229 40,096,924 118,848,087 116,075,459
Loss from operations before taxes (4,396,558) (4,559,289) (11,263,665) (23,007,279)
Income tax benefit (858,987) (561,668) (2,149,367) (4,432,507)
Net loss (3,537,571) (3,997,621) (9,114,298) (18,574,772)
Gross change in unrealized losses on available-for-sale-securities (2,821,785) (5,047,679) (1,486,887) (22,556,319)
Reclassification adjustment for losses included in net loss (4,181) (4,247) (17,201) (55,927)
Net change in unrealized losses, on available-for-sale-securities (2,817,604) (5,043,432) (1,469,686) (22,500,392)
Income tax benefit related to items of other comprehensive loss 591,697 1,059,120 308,635 4,725,083
Other comprehensive loss, net of tax (2,225,907) (3,984,312) (1,161,051) (17,775,309)
Comprehensive loss $ (5,763,478) $ (7,981,933) $ (10,275,349) $ (36,350,081)
Loss per common share:        
Basic $ (0.33) $ (0.38) $ (0.85) $ (1.75)
Diluted $ (0.33) $ (0.38) $ (0.85) $ (1.75)
Weighted average common shares outstanding        
Basic 10,756,156 10,645,675 10,754,709 10,640,290
Diluted 10,756,156 10,645,675 10,754,709 10,640,290
Dividends declared and paid per common share $ 0 $ 0.04 $ 0 $ 0.12