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Note 7 - Unpaid Losses and Settlement Expenses - Schedule of Liability for Unpaid Claims and Claim Adjustment Expense (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Gross $ 67,614,063 $ 61,835,000
Less: Ceded 13,610,295 14,521,000
Net 54,004,000 47,314,000
Losses and settlements expenses related to current year 45,381,000 39,434,000
Losses and settlements expenses related to prior year 2,549,000 5,099,000
Total incurred 47,930,000 44,533,000
Current year, paid 16,459,000 16,512,000
Prior years, paid 26,374,000 21,331,000
Total paid 42,833,000 37,843,000
Net unpaid losses and settlement expense - end of the period 59,101,000 54,004,000
Plus: Reinsurance recoverable on unpaid losses net of CECL 12,736,579 13,610,295
Plus: CECL allowance for reinsurance recoverable on unpaid losses 82,000 0
Total gross unpaid losses and LAE $ 71,919,585 $ 67,614,063