Note 4 - Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Notes Tables

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

	December 31, 2018
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	569,940	$	569,940	$	-	$	-
Corporate bonds		15,842,361		-		15,642,361		200,000
Municipal bonds		6,598,113		-		6,598,113		-
Redeemable preferred stock		90,840		-		90,840		-
Mortgage backed and asset backed securities		3,780,985		-		3,780,985		-
Total fixed maturities		26,882,239		569,940		26,112,299		200,000
Equities:
Equities		10,987,539		10,987,539		-		-
Total	$	37,869,778	$	11,557,479	$	26,112,299	$	200,000

	December 31, 2017
	Total		Level 1		Level 2		Level 3
Available for sale:
Fixed maturities:
US Treasury securities	$	250,750	$	250,750	$	-	$	-
Corporate bonds		12,156,225		-		11,956,225		200,000
Municipal bonds		6,352,444		-		6,352,444		-
Redeemable preferred stock		100,520		-		100,520		-
Mortgage backed and asset backed securities		4,085,761		-		4,085,761		-
Total fixed maturities		22,945,700		250,750		22,494,950		200,000
Equities:
Equities		10,663,515		10,663,515		-		-
Total	$	33,609,215	$	10,914,265	$	22,494,950	$	200,000

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

	December 31, 2018				December 31, 2017
	Carrying Value		Fair Value		Carrying Value		Fair Value
Financial Assets:
Cash and cash equivalents	$	2,077,646	$	2,077,646	$	651,809	$	651,809
Investment income due and accrued		286,890		286,890		214,998		214,998
Investments, at fair value		37,926,317		37,926,317		33,643,190		33,643,190
Total Financial Assets	$	40,290,853	$	40,290,853	$	34,509,997	$	34,509,997
Financial Liabilities:
Policyholder deposits in deposit-type contracts	$	16,626,218	$	15,361,164	$	13,448,891	$	12,508,470
Total Financial Liabilities	$	16,626,218	$	15,361,164	$	13,448,891	$	12,508,470