Fair Vaule of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Fair value of assets

			September 30, 2012					December 31, 2011
Assets	Fair Value Level			Carrying Value		Fair Value			Carrying Value		Fair Value
Investments		1,2		$	46,796,485	$	46,796,785		$	91,356,624	$	91,356,624
Cash and short-term investments		1		$	78,140,931	$	78,140,931		$	38,606,556	$	38,606,556
Notes receivable		3		$	4,034,354	$	3,906,389		$	3,439,153	$	3,439,153

Fair value of invested assets

		Level 1		Level 2		Level 3		Total
Sepotember 30, 2012
Available-for-sale:
Fixed maturities
U.S. treasury securities	$	35,661,485	$	—	$	—	$	35,661,485
Certificates of deposit		—		11,135,000		—		11,135,000
Total Fixed Maturities	$	35,661,485	$	11,135,000	$	—	$	46,796,785
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