XML 63 R52.htm IDEA: XBRL DOCUMENT v3.5.0.2
Long-Term Debt (Details)
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2016
USD ($)
Rate
Sep. 30, 2015
USD ($)
May 26, 2016
USD ($)
Dec. 31, 2015
USD ($)
Debt Instrument          
Notes Payable $ 25,134,000 $ 25,134,000     $ 12,353,000
Statutory capital and surplus required 31,471,000 31,471,000      
Contributed capital to affiliates $ 0 $ 11,000,000 $ 0    
Effective rate at period end 1.60% 1.60%      
Florida State Board of Administration Note Payable          
Debt Instrument          
Notes Payable $ 11,471,000 $ 11,471,000     $ 12,353,000
Interest rate (percentage) 1.50% 1.50%     2.05%
Capital contributed to surplus $ 20,000,000 $ 20,000,000      
Florida State Board of Administration Note Payable | Gross and Net Writing Ratio | 10-Year Constant Maturity Treasury Rate          
Debt Instrument          
Basis spread on variable rate | Rate   4.50%      
Florida State Board of Administration Note Payable | Gross Writing Ratio          
Debt Instrument          
Required written premiums to surplus ratio   6      
Actual written premiums to surplus ratio   10.6      
Florida State Board of Administration Note Payable | Gross Writing Ratio | Minimum          
Debt Instrument          
Required written premiums to surplus ratio   4.5      
Florida State Board of Administration Note Payable | Net Writing Ratio          
Debt Instrument          
Required written premiums to surplus ratio   2      
Actual written premiums to surplus ratio   6.6      
Florida State Board of Administration Note Payable | Net Writing Ratio | Minimum          
Debt Instrument          
Required written premiums to surplus ratio   1.5      
Florida State Board of Administration Note Payable | Other Than Gross and Net Writing Ratio | Stated Rate          
Debt Instrument          
Basis spread on variable rate | Rate   0.25%      
Interboro, LLC Promissory Note          
Debt Instrument          
Notes Payable $ 8,550,000 $ 8,550,000      
Interest rate (percentage) 6.00% 6.00%      
BB&T Term Note Payable          
Debt Instrument          
Notes Payable $ 5,113,000 $ 5,113,000   $ 5,200,000  
Interest rate (percentage) 1.65% 1.65%      
Effective rate at period end 2.19% 2.19%      
Debt Instrument, Periodic Payment, Principal $ 58,000 $ 87,000      
Debt Instrument, Periodic Payment, Interest $ 19,000 $ 29,000      
BB&T Term Note Payable | Minimum          
Debt Instrument          
Cash Flow Coverage Ratio   1.2      
BB&T Term Note Payable | Non-recurring Loss | Minimum          
Debt Instrument          
Cash Flow Coverage Ratio   1.0