8. Deferred Acquisition Costs and Deferred Ceding Commission Revenue (Tables)

12 Months Ended

Dec. 31, 2013

Deferred Acquisition Costs And Deferred Ceding Commission Revenue Tables

Schedule of acquisition costs incurred

Policy acquisition costs incurred and policy-related ceding commission revenue are deferred, and amortized to income on property and casualty insurance business as follows:

	Year ended
	December 31,
	2013			2012
Net deferred policyacquisition costs net of ceding
commission revenue, beginning of year	$	692,848		$	553,374
Cost incurred and deferred:
Commissions and brokerage		10,500,068			8,087,355
Other underwriting and policy acquisition costs		3,193,910			3,012,611
Ceding commission revenue		(13,114,478	)		(9,410,871	)
Net deferred policy acquisition costs		579,500			1,689,095
Amortization		(1,396,251	)		(1,549,621	)
		(816,751	)		139,474
Net deferred policy acquisition costs net of ceding
commission revenue, end of year	$	(123,902	)	$	692,848

Schedule of Ending balances for deferred acquisition costs and deferred ceding commission revenue

Ending balances for deferred acquisition costs and deferred ceding commission revenue as of December 31, 2013 and 2012 follows:

	December 31,
	2013			2012
Deferred policy acquisition costs	$	6,860,263		$	5,569,878
Deferred ceding commission revenue		(6,984,166	)		(4,877,030	)
Balance at end of period	$	(123,903	)	$	692,848