Note 6 - Reinsurance

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Reinsurance [Text Block]

Note

6.

     Reinsurance

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

December 31, 2018

and

2017

and for the years ended

December 31, 2018

and

2017

is listed in the following table.

	December 31, 2018		December 31, 2017
Balance Sheet
Benefits and claim reserves ceded	$	64,451	$	55,075
Amounts due from ceding company		97,395		194,804
Benefits and claim reserves assumed		11,521,657		10,372,638

	Years ended
	December 31, 2018		December 31, 2017
Statements of Comprehensive Loss
Ceded premium	$	629,196	$	221,027
Assumed premium		4,863,227		7,826,619
Allowances on ceded premium		19,347		10,441
Allowances paid on assumed premium		401,147		2,238,386
Assumed benefits and policyholder reserve increases		4,078,572		7,207,979

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 American Life and Security Corporation.