5. Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Notes to Financial Statements

Schedule of Fair Value of Financial Instruments

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

	March 31, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Fixed-maturity investments held to maturity	$	3,969,335	$	4,102,096	$	2,399,482	$	2,425,261
Cash and cash equivalents		8,563,066		8,563,066		19,922,506		19,922,506
Premiums receivable		8,102,612		8,102,612		7,590,074		7,590,074
Receivables - reinsurance contracts		858,567		858,567		974,989		974,989
Reinsurance receivables		43,531,328		43,531,328		37,560,825		37,560,825
Real estate, net of accumulated depreciation		1,766,149		1,816,122		1,777,942		1,816,122
Reinsurance balances payable		2,982,222		2,982,222		2,566,729		2,566,729