Fair Value of Financial Instruments - Fair Value of Invested Assets (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
U.S. treasury securities	$ 5,099,428	$ 5,086,806
Certificates of deposit	6,549,000	6,849,000
Total fixed maturities	11,648,428	11,935,806
Cash and short term investments	95,623,680	94,183,705
Total financial instruments at fair value	107,272,108	106,119,511
Level 1
U.S. treasury securities	5,099,428	5,086,806
Certificates of deposit	0	0
Total fixed maturities	5,099,428	5,086,806
Cash and short term investments	95,623,680	94,183,705
Total financial instruments at fair value	100,723,108	99,270,511
Level 2
U.S. treasury securities	0	0
Certificates of deposit	6,549,000	6,849,000
Total fixed maturities	6,549,000	6,849,000
Cash and short term investments	0	0
Total financial instruments at fair value	6,549,000	6,849,000
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