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Income Taxes (Schedule of Deferred Tax Assets and Deferred Tax Liabilities) (Details) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Deferred tax assets:    
Tax discounting of claim reserves $ 834,092 $ 765,820
Unearned premium reserve 1,236,617 1,264,887
Deferred compensation 152,646 140,141
Provision for uncollectible accounts 31,500 21,000
Net unrealized depreciation of securities
Other (31,340) 93,631
Deferred tax assets before allowance 2,223,515 2,285,479
Less valuation allowance
Total deferred tax assets 2,223,515 2,285,479
Deferred tax liabilities:    
Transition adjustment for loss reserve discounting 188,480 226,176
Net unrealized appreciation of securities 2,099,499 959,204
Deferred policy acquisition costs 1,140,220 1,110,676
Property and equipment 22,963 25,093
Other 3,624 3,543
Total deferred tax liabilities 3,454,786 2,324,692
Net deferred tax liability $ (1,231,271) $ (39,213)