Note 8 - Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

	2021		2020
Case basis estimates	$	—	$	8,002,720
IBNR reserves		—		12,933,957
Totals	$	—	$	20,936,677

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

	2021			2020
Liability—beginning of year	$	20,936,677		$	13,966,044
Incurred related to:
Current year		1,478,366			10,512,394
Prior years		—			8,343,976
Total incurred		1,478,366			18,856,370
Paid related to:
Current year		(4,267	)		(1,864,593	)
Prior years		(22,410,776	)		(10,021,144	)
Total paid		(22,415,043	)		(11,885,737	)
Liability—end of year	$	—		$	20,936,677

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

	For the Years Ended December 31,																				IBNR Reserves Dec. 31,		Cumulative Number of Reports
	2012		2013		2014		2015		2016		2017		2018		2019		2020		2021		2021		Claims
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
	Incurred Claims and Allocated Claim Adjustment Expenses, Net of Reinsurance
Accident Year
2012	$	702	$	763	$	393	$	450	$	429	$	418	$	365	$	361	$	360	$	360	$	0		74
2013				1,218		1,585		1,340		1,166		1,160		926		842		825		826		0		88
2014						2,589		2,640		2,562		2,641		2,743		2,082		2,035		2,034		0		169
2015								3,703		4,485		4,290		3,859		4,768		4,788		4,788		0		240
2016										4,184		4,495		3,927		3,963		3,833		3,834		0		282
2017												5,622		7,647		7,846		9,018		9,017		0		364
2018														5,450		6,523		8,847		8,847		0		442
2019																6,575		11,616		11,615		0		527
2020																		10,512		10,512		0		444
2021																				1,479		0		94
																	Total		$	53,313

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

	For the Years Ended December 31,																				Liability for Claims And Allocated Claim Adjustment Expenses
	2012		2013		2014		2015		2016		2017		2018		2019		2020		2021		Net of Reinsurance
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)		Unaudited)		Unaudited)		Unaudited)						2012 -		Before
	Paid Claims and Allocated Adjustment Expense, Net of Reinsurance																				2021		2011
Accident Year
2012	$	702	$	763	$	393	$	450	$	429	$	418	$	365	$	361	$	350	$	350
2013				1,218		1,585		1,340		1,166		1,160		926		842		818		818
2014						2,589		2,640		2,562		2,641		2,743		2,082		2,012		2,012
2015								3,703		4,485		4,290		3,859		4,768		4,232		4,381
2016										4,184		4,495		3,927		3,963		3,413		3,473
2017												5,622		7,647		7,846		7,305		7,370
2018														5,450		6,523		5,981		6,521
2019																6,575		4,964		5,582
2020																		1,864		2,457
2021																				4
																	Total		$	32,968	$	0		N/A

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			10
		7.8	%		32.5	%		20.0	%		11.4	%		7.1	%		4.3	%		1.2	%		0.0	%		0.1	%		0.0	%