Acccrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Acccrued Expenses and Other Liabilities

NOTE 11 – ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consist of the following:

	Year ended December 31
	2016		2015
Premium payable	$	614,926	$	532,928
Unearned policy fee income		811,838		839,810
Retirement plans		184,600		238,900
Accrued salaries and employee benefits		338,029		312,986
Commission payable		180,693		134,172
Other		530,897		384,488
Total accrued expenses and other liabilities	$	2,660,983	$	2,443,284