5. Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Text Block [Abstract]

Schedule of Fair Value of Financial Instruments

The estimated fair values of the Company’s financial instruments are as follows:

	September 30, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
	(unaudited)
Fixed-maturity investments held to maturity	$	606,273	$	792,101	$	606,234	$	777,953
Cash and cash equivalents		2,447,849		2,447,849		173,126		173,126
Premiums receivable		6,854,026		6,854,026		5,779,085		5,779,085
Receivables - reinsurance contracts		2,668,123		2,668,123		1,734,535		1,734,535
Reinsurance receivables		28,047,484		28,047,484		23,880,814		23,880,814
Notes receivable-sale of business		331,207		331,207		393,511		393,511
Real estate, net of accumulated depreciation		1,446,196		1,510,000		1,477,639		1,510,000
Reinsurance balances payable		3,164,848		3,164,848		2,761,828		2,761,828
Notes payable (including related parties)		1,097,000		1,097,000		1,047,000		1,047,000