Fair Value of Financial Instruments - Fair Value of Invested Assets (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
U.S. treasury securities	$ 7,100,054	$ 23,538,002
Certificates of deposit	6,698,000	10,090,000
Total fixed maturities	13,798,054	33,628,002
Cash and short term investments	93,486,082	86,416,755
Total financial instruments at fair value	107,284,136	120,044,757
Level 1
U.S. treasury securities	7,100,054	23,538,002
Certificates of deposit	0	0
Total fixed maturities	7,100,054	23,538,002
Cash and short term investments	93,486,082	86,416,755
Total financial instruments at fair value	100,586,136	109,954,757
Level 2
U.S. treasury securities	0	0
Certificates of deposit	6,698,000	10,090,000
Total fixed maturities	6,698,000	10,090,000
Cash and short term investments	0	0
Total financial instruments at fair value	6,698,000	10,090,000
Level 3
U.S. treasury securities	0	0
Certificates of deposit	0	0
Total fixed maturities	0	0
Cash and short term investments	0	0
Total financial instruments at fair value	$ 0	$ 0