5. Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Schedule of Fair Value of Financial Instruments

The carrying value reported in the consolidated balance sheets for these financial instruments approximates fair value.

	March 31, 2016				December 31, 2015
	Carrying Value		Fair Value		Carrying Value		Fair Value
Fixed-maturity securities held-to-maturity	$	5,140,522	$	5,366,630	$	5,138,872	$	5,241,095
Cash and cash equivalents	$	5,579,224	$	5,579,224	$	13,551,372	$	13,551,372
Premiums receivable	$	10,522,191	$	10,522,191	$	10,621,655	$	10,621,655
Reinsurance receivables	$	35,830,346	$	35,830,346	$	31,270,235	$	31,270,235
Real estate, net of accumulated depreciation	$	1,698,035	$	1,925,000	$	1,710,897	$	1,925,000
Reinsurance balances payable	$	3,225,893	$	3,225,893	$	1,688,922	$	1,688,922