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Schedule II - Condensed Financial Information of Registrant (Statement of Cash Flows) (Details) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net (loss) earnings $ 3,531,364 $ 4,294,345
Adjustments to reconcile net earnings to net cash provided by operating activities    
Net realized and unrealized gains on equity securities 245,323 (1,200,765)
Depreciation 684,744 794,506
Deferred income tax 509,915 218,322
Amortization of bond premium and discount 292,502 257,685
Stock-based compensation expense 454,977 432,156
Change in:    
Accrued investment income (14,289) 1,817
Accrued expenses (744,477) (319,230)
Current federal income tax (180,427) 654,712
Other (167,351) (131,331)
Net cash provided by operating activities 1,613,347 2,531,550
Purchases of:    
Fixed maturity securities, available-for-sale (27,284,955) (26,101,621)
Other invested assets (995,567) (738,300)
Property and equipment (385,966) (444,430)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 17,174,787 27,033,200
Other invested assets 100,000  
Net cash used in investing activities (13,110,734) (393,650)
Cash flows from financing activities:    
Proceeds from loans 11,629,800  
Repayments of borrowed funds (9,514) (9,518)
Purchase of treasury stock (150,642) (146,581)
Net cash provided by (used in) financing activities 11,469,644 (156,099)
Net (decrease) increase in cash and cash equivalents (27,743) 1,981,801
Cash and cash equivalents at beginning of year 6,626,585  
Cash and cash equivalents at end of period 6,598,842 6,626,585
Supplemental information:    
Federal income tax paid (recovered) 718,000 (164,543)
Interest paid 200,500 128,800
Parent Company [Member]    
Cash flows from operating activities:    
Net (loss) earnings 3,531,364 4,294,345
Adjustments to reconcile net earnings to net cash provided by operating activities    
Net realized and unrealized gains on equity securities (5,473) (15,695)
Depreciation 98,211 363,242
Deferred income tax 11,539 22,911
Equity in undistributed (income) of subsidiaries (4,739,406) (5,282,698)
Amortization of bond premium and discount 11,950 7,934
Stock-based compensation expense 311,598 432,156
Change in:    
Intercompany notes receivable (650,000) (630,000)
Due from subsidiaries 304,527 (492,051)
Accrued investment income 4,122 (8,721)
Accrued expenses (60,443) (40,467)
Current federal income tax (349,910) 400,851
Other 20,771 315,033
Net cash provided by operating activities (1,511,150) (633,161)
Cash flows from investing activities:    
Contributions to subsidiaries 1,220,000 (831,380)
Purchases of:    
Fixed maturity securities, available-for-sale   (1,502,582)
Other invested assets (100,000) (2,000)
Property and equipment (52,641) (56,022)
Proceeds from sales, maturities and calls of:    
Fixed maturity securities, available-for-sale 250,874 269,076
Other invested assets 100,000  
Property and equipment 18,389 33,208
Net cash used in investing activities 1,414,204 (2,116,078)
Cash flows from financing activities:    
Proceeds from loans   3,000,000
Repayments of borrowed funds (224,874) (174,652)
Purchase of treasury stock (7,262) (146,581)
Net cash provided by (used in) financing activities (232,135) 2,678,766
Net (decrease) increase in cash and cash equivalents (329,081) (70,473)
Cash and cash equivalents at beginning of year 791,266 861,739
Cash and cash equivalents at end of period 462,185 791,266
Supplemental information:    
Interest paid 128,823 159,909
Common Stocks [Member]    
Purchases of:    
Stocks (4,300,890) (7,563,198)
Proceeds from sales, maturities and calls of:    
Stocks 5,224,984 8,238,753
Common Stocks [Member] | Parent Company [Member]    
Purchases of:    
Stocks (284,298) (367,425)
Proceeds from sales, maturities and calls of:    
Stocks $ 261,880 $ 341,047