Note 3 - Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	September 30, 2016 (unaudited)
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	320,853	$	320,853	$	-	$	-
Corporate bonds		3,967,326		-		3,967,326		-
Municipal bonds		2,878,933		-		2,878,933		-
Mortgage backed and asset backed securities		3,636,129		-		3,636,129		-
Total fixed maturities		10,803,241		320,853		10,482,388		-
Equities:
Equities		4,567,065		4,567,065		-		-
Other equity investments		278,910		278,910		-		-
Total equities		4,845,975		4,845,975		-		-
Total	$	15,649,216	$	5,166,828	$	10,482,388	$	-

	December 31, 2015
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	426,316	$	426,316	$	-	$	-
Corporate bonds		2,911,553		-		2,911,553		-
Municipal bonds		1,744,137		-		1,744,137		-
Mortgage backed and asset backed securities		3,049,113		-		3,049,113		-
Total fixed maturities		8,131,119		426,316		7,704,803		-
Equities:
Equities		3,430,054		3,430,054		-		-
Other equity investments		174,214		174,214		-		-
Total equities		3,604,268		3,604,268		-		-
Total	$	11,735,387	$	4,030,584	$	7,704,803	$	-

Fair Value, by Balance Sheet Grouping [Table Text Block]

	September 30, 2016				December 31, 2015
	(unaudited)
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and cash equivalents	$	3,007,229	$	3,007,229	$	2,466,526	$	2,466,526
Investments, at fair value		15,649,216		15,649,216		11,735,387		11,735,387
Total Financial Assets	$	18,656,445	$	18,656,445	$	14,201,913	$	14,201,913
Financial Liabilities:
Policyholder deposits in deposit-type contracts	$	2,938,105	$	3,024,907	$	1,573,988	$	1,406,724
Total Financial Liabilities	$	2,938,105	$	3,024,907	$	1,573,988	$	1,406,724