Fair Value of Financial Instruments - Fair Value of Invested Assets (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
U.S. treasury securities	$ 15,082,703	$ 5,086,806
Certificates of deposit	13,542,000	6,849,000
Total fixed maturities	28,624,703	11,935,806
Cash and short term investments	78,963,512	94,183,705
Total financial instruments at fair value	107,588,215	106,119,511
Level 1
U.S. treasury securities	15,082,703	5,086,806
Certificates of deposit	0	0
Total fixed maturities	15,082,703	5,086,806
Cash and short term investments	78,963,512	94,183,705
Total financial instruments at fair value	94,046,215	99,270,511
Level 2
U.S. treasury securities	0	0
Certificates of deposit	13,542,000	6,849,000
Total fixed maturities	13,542,000	6,849,000
Cash and short term investments	0	0
Total financial instruments at fair value	13,542,000	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