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

12 Months Ended

Dec. 31, 2014

Deferred Policy 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,
	2014		2013
Net deferred policy acquisition costs net of ceding
commission revenue, beginning of year	$	(123,903)	$	692,848
Cost incurred and deferred:
Commissions and brokerage		13,612,109		10,500,068
Other underwriting and policy acquisition costs		4,426,614		3,193,910
Ceding commission revenue		(11,428,785)		(13,114,478)
Net deferred policy acquisition costs		6,609,938		579,500
Amortization		(3,456,594)		(1,396,251)
		3,153,344		(816,751)
Net deferred policy acquisition costs net of ceding
commission revenue, end of year	$	3,029,441	$	(123,903)

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

Ending balances for deferred policy acquisition costs and deferred ceding commission revenue as of December 31, 2014 and 2013 follows:

	December 31,
	2014		2013
Deferred policy acquisition costs	$	8,985,981	$	6,860,263
Deferred ceding commission revenue		(5,956,540)		(6,984,166)
Balance at end of period	$	3,029,441	$	(123,903)