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Note 11 - Statutory Net Income and Surplus (Tables)

12 Months Ended

Dec. 31, 2019

Statutory Accounting Practices Disclosure [Table Text Block]

	Statutory Capital and Surplus as of
	December 31		December 31
	2019		2018

US Alliance Life and Security Company	$	5,831,153	$	5,239,874
Dakota Capital Life Insurance Company		1,472,930		1,373,390
US Alliance Life and Security Company - Montana		1,674,410		1,721,012

	Statutory Net Income (loss) for the years ended December 31,
	2019			2018

US Alliance Life and Security Company	$	6,120		$	28,883
Dakota Capital Life Insurance Company		116,748			70,393
US Alliance Life and Security Company - Montana		(44,873	)		42,957

- 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