Note 8 - Restricted Funds

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Restricted Assets Disclosure [Text Block]

Note

8.

     Restricted Funds

As required by Kansas law, US Alliance Life and Security Company maintains a trust account at Capital City Bank which is jointly owned by the Kansas Insurance Department. The life insurance company is required by the State of Kansas to hold

$400,000

of asset book value in this account. The Company placed additional assets into this trust account in

2015

to meet the minimum deposit requirement for the State of Missouri. These assets were held in bonds and other invested assets with a statement value of

$625,000

and

$625,000

as of

December 31, 2018

and

2017,

respectively. Additionally, the Company has a special deposit with the State of Missouri with asset book value of

$300,000.