5. Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 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:

	September 30, 2014		December 31, 2013
	Carrying Value	Fair Value	Carrying Value	Fair Value
Fixed-maturity securities held-to-maturity	$ 5,125,285	$ 5,334,056	$ 2,399,482	$ 2,425,261
Cash and cash equivalents	5,028,005	5,028,005	19,922,506	19,922,506
Premiums receivable	9,324,796	9,324,796	7,590,074	7,590,074
Receivables - reinsurance contracts	1,750,989	1,750,989	974,989	974,989
Reinsurance receivables	35,324,074	35,324,074	37,560,825	37,560,825
Real estate, net of accumulated depreciation	1,775,839	1,816,122	1,777,942	1,816,122
Reinsurance balances payable	2,057,549	2,057,549	2,566,729	2,566,729