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Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Net premiums earned $ 114,384,263 $ 114,384,531
Ceding commission revenue 21,053,494 19,319,391
Net investment income 6,008,682 4,936,778
Net gains (losses) on investments 2,134,554 (9,391,865)
Other income 609,721 910,455
Total revenues 144,190,714 130,159,290
Expenses    
Loss and loss adjustment expenses 82,849,210 88,390,042
Commission expense 33,364,629 34,581,617
Other underwriting expenses 25,909,962 26,697,006
Other operating expenses 2,456,473 3,113,473
Depreciation and amortization 2,973,440 3,300,445
Interest expense 4,002,531 2,019,047
Total expenses 151,556,245 158,101,630
Loss from operations before taxes (7,365,531) (27,942,340)
Income tax benefit (1,197,185) (5,417,546)
Net loss (6,168,346) (22,524,794)
Other comprehensive income (loss), net of tax    
Gross change in unrealized gains (losses) on available-for-sale-securities 4,644,308 (22,540,229)
Reclassification adjustment for losses (gains) included in net loss 18,811 65,333
Net change in unrealized gains (losses) 4,663,119 (22,474,896)
Income tax (expense) benefit related to items of other comprehensive income (loss) (979,254) 4,719,729
Other comprehensive income (loss), net of tax 3,683,865 (17,755,167)
Comprehensive loss $ (2,484,481) $ (40,279,961)
Loss per common share:    
Basic $ (0.57) $ (2.12)
Diluted $ (0.57) $ (2.12)
Weighted average common shares outstanding    
Weighted average common shares outstanding- Basic 10,756,487 10,645,365
Weighted average common shares outstanding- Diluted 10,756,487 10,645,365
Dividends declared and paid per common share $ 0 $ 0.12