Note 5 - Reinsurance

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Reinsurance [Text Block]

Note

5.

     Reinsurance

A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of

December 31, 2016

and

2015

and for the years ended

December 31, 2016

and

2015

is listed in the followi

ng table.

	December 31, 2016		December 31, 2015
Balance Sheet
Benefits and claim reserves ceded	$	28,830	$	19,622
Amounts due from ceding company		2,560		1,822

	Years Ended
Statements of Comprehensive Loss	December 31, 2016		December 31, 2015
Ceded premium	$	144,023	$	53,768
Assumed premium		3,500,758		2,453,957
Allowances on ceded premium		10,644		10,851
Allowances paid on assumed premium		384,558		326,774
Assumed benefits		3,056,547		2,101,752

The company currently reinsurers business in

excess of its retention with General Re Life Corporation, Reliance Standard Life Insurance Company, Unified Life Insurance Company and Optimum Re Insurance Company. The Company also currently assumes business under agreements with Unified Life Insurance Company and Dakota Capital Life Insurance Company.