5. Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value
Fixed-maturity securities held-to-maturity	$	4,621,872	$	4,829,265	$	2,399,482	$	2,425,261
Cash and cash equivalents		6,824,249		6,824,249		19,922,506		19,922,506
Premiums receivable		9,249,702		9,249,702		7,590,074		7,590,074
Receivables - reinsurance contracts		1,068,551		1,068,551		974,989		974,989
Reinsurance receivables		44,423,447		44,423,447		37,560,825		37,560,825
Real estate, net of accumulated depreciation		1,767,459		1,816,122		1,777,942		1,816,122
Reinsurance balances payable		3,881,409		3,881,409		2,566,729		2,566,729