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Deferred Policy Acquisition Costs
 9 Months Ended
Sep. 30, 2019
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs
Deferred Policy Acquisition Costs
The Company defers costs incurred which are incremental and directly related to the successful acquisition of new or renewal insurance business, net of corresponding amounts of ceded reinsurance commissions. Net deferred policy acquisition costs are amortized and charged to expense in proportion to premium earned over the estimated policy term. The Company anticipates that its deferred policy acquisition costs will be fully recoverable and there were no premium deficiencies for the nine months ended September 30, 2019 and 2018. The activity in deferred policy acquisition costs, net of reinsurance transactions, is as follows (dollars in thousands):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Balance at beginning of period
$
12,302

 
$
12,021

 
$
12,011

 
$
12,781

 
 
 
 
 
 
 
 
Deferred policy acquisition costs
6,730

 
6,274

 
18,820

 
18,499

Amortization of policy acquisition costs
(6,153
)
 
(6,452
)
 
(17,952
)
 
(19,437
)
Net change
577

 
(178
)
 
868

 
(938
)
 
 
 
 
 
 
 
 
Balance at end of period
$
12,879

 
$
11,843

 
$
12,879

 
$
11,843