Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows provided by operating activities:
Net income	$ 541,032	$ 382,499
Adjustments to reconcile net income to net cash flows provided by operating activities:
Net realized (gains) losses on sale of investments	(80,436)	67,494
Depreciation and amortization	283,828	235,662
Amortization of bond premium, net	92,646	80,220
Stock-based compensation	32,234	38,892
Excess tax benefit from exercise of stock options	0	(221,136)
Deferred income tax expense	(43,114)	(9,856)
(Increase) decrease in operating assets:
Premiums receivable, net	99,464	(481,267)
Receivables - reinsurance contracts	0	(134,656)
Reinsurance receivables, net	(4,560,111)	(976,328)
Deferred policy acquisition costs	(141,970)	(49,985)
Other assets	(666,404)	177,501
Increase (decrease) in operating liabilities:
Loss and loss adjustment expense reserves	6,154,265	2,238,581
Unearned premiums	122,858	468,420
Advance premiums	532,486	407,514
Reinsurance balances payable	1,536,971	(77,807)
Deferred ceding commission revenue	(18,859)	(53,978)
Accounts payable, accrued expenses and other liabilities	(1,212,176)	(1,257,693)
Net cash flows provided by operating activities	2,672,714	834,077
Cash flows used in investing activities:
Purchase - fixed-maturity securities available-for-sale	(15,890,742)	(3,349,181)
Purchase - equity securities available-for-sale	(1,831,513)	(1,145,558)
Sale or maturity - fixed-maturity securities available-for-sale	6,401,092	716,892
Sale - equity securities available-for-sale	1,161,501	0
Acquisition of fixed assets	(182,164)	(165,829)
Other investing activities	250,448	3,170
Net cash flows used in investing activities	(10,091,378)	(3,940,506)
Cash flows used in financing activities:
Withholding taxes paid on net exercise of stock options	0	(243,662)
Excess tax benefit from exercise of stock options		221,136
Purchase of treasury stock	(95,881)	(128,763)
Dividends paid	(457,603)	(365,505)
Net cash flows used in financing activities	(553,484)	(516,794)
Decrease in cash and cash equivalents	(7,972,148)	(3,623,223)
Cash and cash equivalents, beginning of period	13,551,372	9,906,878
Cash and cash equivalents, end of period	5,579,224	6,283,655
Supplemental disclosures of cash flow information:
Cash paid for income taxes	30,000	300,500
Supplemental schedule of non-cash investing and financing activities:
Value of shares deducted from exercise of stock options for payment of withholding taxes	$ 0	$ 243,662