Note 12 - Operating and Management Expenses	12 Months Ended
Dec. 31, 2021
Notes to Financial Statements
Operating and Management Expense Disclosure [Text Block]	12. OPERATING AND MANAGEMENT EXPENSES With the exception of Protexure, AmerInst and its other direct and indirect subsidiaries have no employees. Their operating activities, as well as certain management functions, are performed by contracted professional service providers. Davies Captive Management Limited provides AmerInst and AMIC Ltd. certain management, administrative and operations services under the direction of AmerInst’s Board of Directors pursuant to an agreement. The agreement may be terminated by either party upon not more than 90 days nor less than 60 days prior written notice. Mr. Thomas R. McMahon, our Treasurer and Chief Financial Officer, is an officer, director and employee of Davies Captive Management Limited. The Company paid Davies Captive Management Limited $352,322 and $362,000 in fees during 2021 and 2020, respectively. Operating and management expenses include compensation paid to members of the Board of Directors and various committees of the Board totaling $148,924 in 2021 and $381,650 in 2020. Included as a part of this compensation are annual retainers paid to directors in the form of common shares of the Company in the amount of $0 and $70,000 for the years ended December 31, 2021 and 2020, respectively. Such amounts are included as part of purchase of shares by subsidiary, net, in the consolidated statements of changes in shareholders’ equity and cash flows. In 2021 the company discontinued paying annual retainers as part of compensation to its members of the Board of Directors as a cost savings measure.

Note 12 - Operating and Management Expenses

12 Months Ended

Dec. 31, 2021

Operating and Management Expense Disclosure [Text Block]

12. OPERATING AND MANAGEMENT EXPENSES

With the exception of Protexure, AmerInst and its other direct and indirect subsidiaries have no employees. Their operating activities, as well as certain management functions, are performed by contracted professional service providers. Davies Captive Management Limited provides AmerInst and AMIC Ltd. certain management, administrative and operations services under the direction of AmerInst’s Board of Directors pursuant to an agreement. The agreement may be terminated by either party upon not more than 90 days nor less than 60 days prior written notice. Mr. Thomas R. McMahon, our Treasurer and Chief Financial Officer, is an officer, director and employee of Davies Captive Management Limited. The Company paid Davies Captive Management Limited $352,322 and $362,000 in fees during 2021 and 2020, respectively.

Operating and management expenses include compensation paid to members of the Board of Directors and various committees of the Board totaling $148,924 in 2021 and $381,650 in 2020. Included as a part of this compensation are annual retainers paid to directors in the form of common shares of the Company in the amount of $0 and $70,000 for the years ended December 31, 2021 and 2020, respectively. Such amounts are included as part of purchase of shares by subsidiary, net, in the consolidated statements of changes in shareholders’ equity and cash flows.

In 2021 the company discontinued paying annual retainers as part of compensation to its members of the Board of Directors as a cost savings measure.