Acccrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Acccrued Expenses and Other Liabilities

NOTE 10 – ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consist of the following:

	Year ended December 31
	2015		2014
Premium payable	$	532,928	$	509,642
Unearned contingent commission on reinsurance treaty		—		77,839
Unearned policy fee income		839,810		828,664
Retirement plans		238,900		251,125
Accrued salaries and employee benefits		312,986		477,682
Commission payable		134,172		128,785
Other		384,488		712,580
Total accrued expenses and other liabilities	$	2,443,284	$	2,986,317