Deferred Acquisition Costs

12 Months Ended

Dec. 31, 2019

Insurance [Abstract]

Deferred Acquisition Costs

6. Deferred Acquisition Costs

The following table summarizes the movements in deferred acquisition costs for the years ended December 31, 2019 and 2018:

	Year Ended December 31,
	2019		2018
Balance, beginning of year	$	3,985,193	$	4,078,322
Amount capitalized during the year		6,453,710		8,645,636
Amount amortized during the year		7,854,417		8,738,765
Balance, end of year	$	2,584,486	$	3,985,193