XML 64 R53.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Property and Casualty Insurance Activity (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Jan. 01, 2025
Jun. 30, 2022
Dec. 31, 2023
Advance premiums $ 4,580,934       $ 3,797,590
Incurred losses and loss adjustment expenses are net of reinsurance recoveries under reinsurance contracts 4,861,500 $ 12,256,426      
Prior year loss development $ 566,268 $ 3,121      
Reinsurance description The treaty provided 50% reinsurance coverage for losses of $400,000 in excess of $600,000. Losses from named storms are excluded from the treaty        
Single risk coverage $ 9,000,000        
Loss in excess coverage description For the 2021/2023 Treaty, 4% of the 30% total of losses ceded under this treaty are excluded from a named catastrophe event. For the 2023/2024 Treaty, 17.5% of the 30% total of losses ceded under this treaty are excluded from a named catastrophe event. For the 2024/2025 Treaty, 22% of the 27% total of losses ceded under this treaty are excluded from a named catastrophe event        
Reinstatement of premium protection     $ 400,000 $ 70,000,000  
Excess of catastrophe coverage     $ 600,000 $ 10,000,000  
Minimum [Member]          
Direct loss $ 3,500,000        
Reduces retention 500,000        
Maximum [Member]          
Direct loss 9,000,000        
Reduces retention $ 700,000