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Deferred Policy Acquisition Costs
6 Months Ended
Jun. 30, 2020
Insurance [Abstract]  
Deferred Policy Acquisition Costs

Note 8 -- Deferred Policy Acquisition Costs

 

In connection with the transition of insurance policies from Anchor described in Note 1 -- “Nature of Operations,” the Company incurred $3,023 of direct costs, consisting of a bonus to Anchor of $2,898 and other related expenses of $125. The Company agreed to pay Anchor a cash bonus of $50 per $1,000 of premium for all policies in forces at June 1, 2020 that were in compliance with the conditions stated in the agreement. At June 30, 2020, other liabilities included $1,653 representing the remaining bonus payable to Anchor.