Fair Vaule of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Fair value of assets

			June 30, 2012				December 31, 2011
Assets	Fair Value Level		Carrying Value		Fair Value		Carrying Value		Fair Value
Investments		1,2	$	68,377,080	$	68,377,080	$	91,356,624	$	91,356,624
Cash and short-term investments		1	$	56,540,810	$	56,540,810	$	38,606,556	$	38,606,556
Notes receivable		3	$	3,906,389	$	3,906,389	$	3,439,153	$	3,439,153

Fair value of invested assets

		Level 1		Level 2		Level 3		Total
June 30, 2012
Available-for-sale:
Fixed maturities
U.S. treasury securities	$	54,897,080	$	—	$	—	$	54,897,080
Certificates of deposit		—		13,480,000		—		13,480,000
Total Fixed Maturities	$	54,897,080	$	13,480,000	$	—	$	68,377,080
December 31, 2011
Available-for-sale:
Fixed maturities
U.S. treasury securities	$	74,886,624	$	—	$	—	$	74,886,624
Certificates of deposit		—		16,470,000		—		16,470,000
Total Fixed Maturities	$	74,886,624	$	16,470,000	$	—	$	91,356,624