Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table presents information about the Company’s investments that are measured at fair value on a recurring basis at December 31, 2024 and 2023 indicating the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	December 31, 2024
	Level 1		Level 2		Level 3		Total
Fixed-maturity securities available-for-sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	—	$	-	$	-	$	—
Political subdivisions of States, Territories and Possessions	-		20,873,097		-		20,873,097
Corporate and other bonds industrial and miscellaneous	106,792,378		-		-		106,792,378
Residential mortgage and other asset backed securities	-		59,227,963		-		59,227,963
Total fixed maturities	106,792,378		80,101,060		-		186,893,438
Equity securities	10,296,505		-		-		10,296,505
Total investments	$	117,088,883	$	80,101,060	$	-	$	197,189,943

	December 31, 2023
	Level 1		Level 2		Level 3		Total
Fixed-maturity securities available-for-sale
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	20,939,190	$	-	$	-	$	20,939,190
Political subdivisions of States, Territories and Possessions	-		13,398,552		-		13,398,552
Corporate and other bonds industrial and miscellaneous	70,107,746		-		-		70,107,746
Residential mortgage and other asset backed securities	-		44,475,309		-		44,475,309
Total fixed maturities	91,046,936		57,873,861		-		148,920,797
Equity securities	14,762,340		-		-		14,762,340
Total investments	$	105,809,276	$	57,873,861	$	-	$	163,683,137

Schedule of Hedge Fund Investments

The following table sets forth the Company’s investment in a hedge fund measured at Net Asset Value (“NAV”) per share as of December 31, 2024 and 2023. The Company measures this investment at fair value on a recurring basis. Fair value using NAV per share is as follows as of the dates indicated:

Category	December 31, 2024		December 31, 2023
Other Investments
Hedge fund	$	4,380,656	$	3,897,150