XML 16 R27.htm IDEA: XBRL DOCUMENT v3.19.3
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Schedule of Management Expenses Recorded in Operating Expenses

Management fees are recorded in other underwriting expenses in the consolidated statements of operations.  Positive Insurance Company incurred management fees for the respective periods, as follows:

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Management fees

 

$

879,615

 

 

$

1,411,065

 

 

$

3,459,174

 

 

$

4,401,032

 

Schedule of Fees Incurred under the Contracts Fees incurred by Positive Insurance Company under these contracts were as follows:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Claims processing and risk management services

 

$

416,775

 

 

$

384,875

 

 

$

1,225,025

 

 

$

1,196,625

 

 

Schedule of Commission Expenses Positive Insurance Company incurred related commission expenses for the respective periods, as follows:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Commissions

 

$

(1,027

)

 

$

38,076

 

 

$

85,245

 

 

$

154,546