Note 6 - Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense [Table Text Block]

	2019		2018
Case basis estimates	$	5,334,543	$	4,313,320
IBNR reserves		8,631,501		8,675,940
Totals	$	13,966,044	$	12,989,260

Liability For Losses and Loss Adjustment Expense Activity [Table Text Block]

	2019			2018
Liability—beginning of year	$	12,989,260		$	11,228,507
Incurred related to:
Current year		6,575,056			5,450,400
Prior years		1,453,679			785,074
Total incurred		8,028,735			6,235,474
Paid related to:
Current year		(807,072	)		(559,594	)
Prior years		(6,244,879	)		(3,915,127	)
Total paid		(7,051,951	)		(4,474,721	)
Liability—end of year	$	13,966,044		$	12,989,260

Short-duration Insurance Contracts, Incurred Claims and Allocated Claim Adjustment Expense [Table Text Block]

			For the Years Ended December 31,
	2011		2012		2013		2014		2015		2016		2017		2018		2019		IBNR Reserves Dec. 31, 2019		Cumulative Number of Reported Claims
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		Unaudited)		Unaudited)
			Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
Accident Year
2011	$	262	$	348	$	257	$	293	$	321	$	344	$	266	$	263	$	263	$	1		N/A
2012				702		763		393		450		429		418		365		361		12		24
2013						1,218		1,585		1,340		1,166		1,160		926		842		21		74
2014								2,589		2,640		2,562		2,641		2,743		2,082		58		88
2015										3,703		4,485		4,290		3,859		4,768		268		169
2016												4,184		4,495		3,927		3,963		547		240
2017														5,622		7,647		7,846		1,238		282
2018																5,450		6,523		1,888		364
2019																		6,575		4,564		438
															Total		$	33,223

Short-duration Insurance Contracts, Cumulative Paid Claims and Allocated Claim Adjustment Expense [Table Text Block]

					For the Years Ended December 31,
	2011		2012		2013		2014		2015		2016		2017		201 8		201 9		Liability for Claims And Allocated Claim Adjustment Expenses Net of Reinsurance
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)					2011-2019	Before 2011
					Paid Claims and Allocated Claim Adjustment Expense, Net of Reinsurance
Accident Year
2011	$	—	$	165	$	167	$	201	$	260	$	262	$	262	$	262	$	262
2012				64		188		280		327		329		350		350		350
2013						58		488		707		715		808		812		817
2014								67		680		1,018		1,928		1,978		1,962
2015										121		1,356		2,337		2,896		3,400
2016												737		1,693		2,508		3,352
2017														438		2,904		5,496
2018																560		2,869
2019																		807
															Total		$	19,315	$	13,908		N/A
											Net Under Reinsurance Agreement										$	13,908
											Other											58
											Total net liability										$	13,966

Short-duration Insurance Contracts, Schedule of Historical Claims Duration [Table Text Block]

					Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance Unaudited
Years	1		2		3		4		5		6		7		8		9
	8.4	%	36.8	%	20.3	%	17.3	%	9.4	%	1.6	%	0.1	%	0.0	%	0.0	%