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Note 9 - Statutory Net Income and Surplus (Tables)

12 Months Ended

Dec. 31, 2018

Statutory Accounting Practices Disclosure [Table Text Block]

	Statutory Capital and Surplus as of
	December 31		December 31
	2018		2017

US Alliance Life and Security Company	$	5,239,874	$	4,186,381
Dakota Capital Life Insurance Company		1,373,390		1,337,081
US Alliance Life and Security Company - Montana		1,721,012		1.680.821

	Statutory Net Income (Loss) for the years ended December 31,
	2018		2017

US Alliance Life and Security Company	$	28,883	$	(1,727,462	)
Dakota Capital Life Insurance Company		70,393		(129,989	)
US Alliance Life and Security Company - Montana		42,957		65,112

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

+ References + Details