Note 4. Reinsurance

In accordance with general practice in the insurance industry, portions of the life, property and casualty insurance written by the Company are reinsured; however, the Company remains liable with respect to reinsurance ceded should any reinsurer be unable or unwilling to meet its obligations. Approximately 99% of the Company’s reinsurance receivables were due from two reinsurers as of December 31, 2015. Reinsurance receivables of $300 were due from Swiss Reinsurance Corporation, rated “AA-” by Standard & Poor’s and “A+” (Superior) by A.M. Best and $11,339 were due from General Reinsurance Corporation, rated “AA+” by Standard & Poor’s and “A++” (Superior) by A.M. Best. Allowances for uncollectible amounts are established against reinsurance receivables, if appropriate.

The effects of reinsurance on premiums written, premiums earned and insurance benefits and losses incurred were as follows:

	2015			2014
Direct premiums written	$	138,035		$	138,276
Assumed premiums written		18,656			18,231
Ceded premiums written		(4,995	)		(5,890	)
Net premiums written	$	151,696		$	150,617

Direct premiums earned	$	137,436		$	141,212
Assumed premiums earned		18,451			18,166
Ceded premiums earned		(4,995	)		(5,890	)
Net premiums earned	$	150,892		$	153,488

Provision for benefits and losses incurred	$	104,286		$	110,912
Reinsurance loss recoveries		(2,922	)		(4,717	)
Insurance benefits and losses incurred	$	101,364		$	106,195

Components of reinsurance receivables were as follows:

	2015		2014
Receivable on unpaid losses	$	11,741	$	14,302
Receivable on paid losses		18		46
Total reinsurance receivables	$	11,759	$	14,348