Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

The following table presents information about the Company’s consolidated financial instruments and their estimated fair values, which are measured on a recurring basis, allocated among the three levels within the fair value hierarchy as of December 31, 2012, and 2011.

		Level 1		Level 2		Level 3		Total
December 31, 2012
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	23,538,002	$	—	$	—	$	23,538,002
Certificates of deposit		—		10,090,000		—		10,090,000
Total fixed maturity securities		23,538,002		10,090,000		—		33,628,002
Cash and short-term investments		86,416,755		—		—		86,416,755
Total financial instruments at fair value	$	109,954,757	$	10,090,000	$	—	$	120,044,757
December 31, 2011
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	74,886,624	$	—	$	—	$	74,886,624
Certificates of deposit		—		16,470,000		—		16,470,000
Total fixed maturity securities		74,886,624		16,470,000		—		91,356,624
Cash and short-term investments		38,606,556		—		—		38,606,556
Total financial instruments at fair value	$	113,493,180	$	16,470,000	$	—	$	129,963,180