Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

The following table presents information about the Company’s financial instruments and their estimated fair values, which are measured on a recurring basis, allocated among the three levels within the fair value hierarchy as of December 31, 2016 and 2015:

		Level 1		Level 2		Level 3		Total
December 31, 2016
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	19,103,925	$	—	$	—	$	19,103,925
Certificates of deposit		—		61,280,000		—		61,280,000
Total fixed maturity securities		19,103,925		61,280,000		—		80,383,925
Cash and restricted cash		13,496,379		—		—		13,496,379
Short-term investments		10,204,603		—		—		10,204,603
Total financial instruments at fair value	$	42,804,907	$	61,280,000	$	—	$	104,084,907
December 31, 2015
Financial instruments:
Fixed maturities securities:
U.S. treasury securities	$	24,034,291	$	—	$	—	$	24,034,291
Certificates of deposit		—		58,127,000		—		58,127,000
Total fixed maturity securities		24,034,291		58,127,000		—		82,161,291
Cash and restricted cash		8,258,673		—		—		8,258,673
Short-term investments		15,640,803		—		—		15,640,803
Total financial instruments at fair value	$	47,933,767	$	58,127,000	$	—	$	106,060,767