3.	INVESTMENTS

The Company owned certificates of deposit insured by the Federal Deposit Insurance Corporation (“FDIC”) with an amortized cost of

$700,000

and

$900,000

as of

March 31, 2019

and

December 31, 2018,

respectively. The certificates of deposit included in short term and fixed maturities investments are classified as available-for-sale and are carried at fair value. The Company also invests in money market funds included in short term investments that are classified as available-for-sale, with a cost of approximately

$665,000

and

$454,000

as of

March 31, 2019

and

December 31, 2018,

respectively. The Company invested in corporate bonds with an amortized cost of approximately

$5,929,000

and

$8,453,000

as of

March 31, 2019

and

December 31, 2018,

respectively. These corporate bonds included in fixed maturity investments are classified as available-for-sale and are carried at fair value.

The Company owned corporate bonds at

March 31, 2019,

which consisted primarily of investment grade securities. At

March 31, 2019,

total bond fair value was approximately

$5,919,000,

which consisted of approximately

$5,710,000

with a credit rating of BBB- or better. The remaining securities, totaling approximately

$209,000

had a credit rating of BB+ or lower. The weighted average yield-to-cost of the Company’s corporate bonds was approximately

3.28%

March 31, 2019.

The weighted average maturity of the Company’s corporate bonds was

4.76

years at

March 31, 2019.

March 31, 2019

and

December 31, 2018,

maturity dates for fixed maturities and short term investments (excluding the money market funds) were:

	Available-for-Sale
	Amortized		Fair		% of Total
March 31, 2019	Cost		Value		Fair Value
Maturity dates occurring:
Less than 1 year	$	350,000	$	350,000		5.3	%
Years 1-5		3,828,690		3,831,336		57.9	%
Years 5-10		2,354,646		2,343,365		35.4	%
Due after ten years		95,610		93,948		1.4	%
Total	$	6,628,946	$	6,618,649		100.0	%

	Available-for-Sale
	Amortized		Fair		% of Total
December 31, 2018	Cost		Value		Fair Value
Maturity dates occurring:
Less than 1 year	$	400,000	$	400,898		4.4	%
Years 1-5		6,122,513		5,986,448		65.8	%
Years 5-10		2,731,661		2,620,761		28.8	%
Due after ten years		98,468		93,898		1.0	%
Total	$	9,352,642	$	9,102,005		100.0	%

Investments classified at

March 31, 2019

and

December 31, 2018

as fixed maturities and short term investments were as follows:

	Available-for-Sale
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
March 31, 2019	Cost		Gain		Loss			Value
Money market fund	$	664,549						$	664,549
Certificates of deposit, short term		350,000							350,000
Certificates of deposit, fixed maturities		349,951							349,951
Corporate bonds, fixed maturities		5,928,995	$	54,194	$	(64,490	)		5,918,699
Total investments	$	7,293,495	$	54,194	$	(64,490	)	$	7,283,199

	Available-for-Sale
	Cost or		Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
December 31, 2018	Cost		Gain		Loss			Value
Money market fund	$	454,224						$	454,224
Certificates of deposit, short term		400,000	$	808					400,808
Certificates of deposit, fixed maturities		499,941							499,941
Corporate bonds, fixed maturities		8,452,701		10,556	$	(262,001	)		8,201,256
Total investments	$	9,806,866	$	11,364	$	(262,001	)	$	9,556,229

Unrealized losses on investments at

March 31, 2019

and

December 31, 2018

were generally due to higher current market yields relative to the yields of the investments at their amortized cost. Unrealized losses due to credit risk associated with the underlying collateral of the investments, if any, are

not

material. All investments with unrealized losses are reviewed quarterly to determine if any impairment is other than temporary, requiring a charge to earnings. The Company considers the severity of the loss on a security, duration of loss, duration of the investment, credit rating of the security, as well as payment performance and the Company’s intent or requirement to sell the investment before recovery when determining whether any impairment is other than temporary. The Company had

investments in a material unrealized loss position for greater than

one

year at

March 31, 2019

December 31, 2018.