Resticted Funds (Tables)

12 Months Ended

Dec. 31, 2015

Resticted Funds Tables

Schedule of Restricted Funds

Restricted funds are as follows:

	Year ended December 31
	2015		2014
Premium trust funds (1)	$	44,181	$	112,008
Assigned to state agencies (2)		700,000		700,000
Total restricted funds	$	744,181	$	812,008

(1) As required by law, the Company segregates from its operating accounts the premium collected from insured’s that are payable to insurance companies into separate trust accounts. These amounts are included in cash and short-term investments. Trust restrictions on cash and short-term investments were $44,181 and $112,008 at December 31, 2015 and 2014, respectively.

(2) Included in fixed maturity investments are statutory deposits assigned to and held by the California State Treasurer and the Insurance Commissioner of the State of Nevada. These deposits are required for writing certain lines of business in California and for admission in states other than California.