5. Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2012

Text Block [Abstract]

Schedule of Estimated Fair Value of Financial Instruments

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

	December 31, 2012				December 31, 2011
	Carrying Value		Fair Value		Carrying Value		Fair Value
Fixed-maturity investments held to maturity	$	606,281	$	779,026	$	606,234	$	777,953
Cash and cash equivalents		2,240,012		2,240,012		173,126		173,126
Premiums receivable		7,766,825		7,766,825		5,779,085		5,779,085
Receivables - reinsurance contracts		-		-		1,734,535		1,734,535
Reinsurance receivables		38,902,782		38,902,782		23,880,814		23,880,814
Notes receivable-sale of business		323,141		323,141		393,511		393,511
Real estate, net of accumulated depreciation		1,696,924		1,720,000		1,477,639		1,510,000
Reinsurance balances payable		1,820,527		1,820,527		2,761,828		2,761,828
Advance payments from catastrophe reinsurers		7,358,391		7,358,391		-		-
Notes payable (including related parties)		1,197,000		1,197,000		1,047,000		1,047,000