Fair Value Disclosures (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Summary of Assets Measured at Fair Value on a recurring Basis

Assets measured at fair value on a recurring basis as of December 31, 2019, are as summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	800,219	$	—	$	—	$	800,219
MBS/ABS/CMBS		—		34,290,995		—		34,290,995
Corporate		—		41,915,103		—		41,915,103
Municipal		—		15,081,255		—		15,081,255
Total fixed maturity securities		800,219		91,287,353		—		92,087,572
Equity securities
Common stocks		14,448,773		—		—		14,448,773
Total marketable investments measured at fair value	$	15,248,992	$	91,287,353	$	—	$	106,536,345

Assets measured at fair value on a recurring basis as of December 31, 2018, are as summarized below:

			Significant
	Quoted in Active		Other		Significant
	Markets for		Observable		Unobservable
	Identical Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
AFS securities
Fixed maturity securities
U.S. treasury	$	1,328,925	$	—	$	—	$	1,328,925
MBS/ABS/CMBS		—		33,799,024		—		33,799,024
Corporate		—		37,366,690		—		37,366,690
Municipal		—		16,486,520		—		16,486,520
Total fixed maturity securities		1,328,925		87,652,234		—		88,981,159
Equity securities
Common stocks		11,843,223		—		—		11,843,223
Total marketable investments measured at fair value	$	13,172,148	$	87,652,234	$	—	$	100,824,382