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Reinsurance
 12 Months Ended
Dec. 31, 2013
Reinsurance [Abstract]  
Reinsurance

Note 6. Reinsurance

     A summary of significant reinsurance amounts affecting the accompanying consolidated financial statements as of December 31, 2013 and 2012 and for the years ended December 31, 2013 and 2012 is as follows:

        December 31, 2013       December 31, 2012
Balance sheets:            
       Benefit and claim reserves assumed   $      2,814,704   $      2,887,596
       Benefit and claim reserves ceded     30,660,618     32,265,463

  Year Ended December 31,
  2013       2012
Statements of comprehensive income:          
       Premiums assumed $      30,002   $      32,469
       Premiums ceded        362,851           410,680
       Benefits assumed   42,099     79,287
       Benefits ceded   760,017     675,990
       Commissions assumed   38     66
       Commissions ceded   4,432     12,849

     The following table provides a summary of the significant reinsurance balances recoverable on paid and unpaid policy claims by reinsurer along with the A.M. Best credit rating as of December 31, 2013:

                    Recoverable on         Total Amount
        Recoverable   Recoverable   Benefit   Ceded   Recoverable
    AM Best   on Paid   on Unpaid   Reserves/Deposit-   Due   from
Reinsurer      Rating      Losses      Losses      type Contracts      Premiums   Reinsurer
SNL   NR   $        -   $        98,542   $        17,262,833   $        67,033      $        17,294,342
Optimum Re Insurance Company   A-     -     19,008     464,031     -     483,039
Sagicor Life Insurance Company   A-     -     230,487     12,871,122     218,372     12,883,237
              $ 348,037   $ 30,597,986   $ 285,405   $ 30,660,618

     Capital Reserve has a 100% coinsurance agreement with SNL whereby 100% of the business written by Capital Reserve is ceded to SNL. At December 31, 2013 and 2012, total benefit reserves, policy claims, deposit-type contracts, and due premiums ceded by Capital Reserve to SNL were $17,294,342 and $18,266,601, respectively. Capital Reserve remains contingently liable on this ceded reinsurance should SNL be unable to meet their obligations.

      During 1999, Old Reliance entered into a 75% coinsurance agreement with Sagicor Life (Sagicor) whereby 75% of the business written by Old Reliance is ceded to Sagicor. During 2000, Old Reliance coinsured the remaining 25% with Sagicor. At December 31, 2013 and 2012, total benefit reserves, policy claims, deposit-type contracts, and due premiums ceded by Old Reliance to Sagicor were $12,883,237 and $13,530,051, respectively. Old Reliance remains contingently liable on this ceded reinsurance should Sagicor be unable to meet their obligations.

      The use of reinsurance does not relieve the Company of its primary liability to pay the full amount of the insurance benefit in the event of the failure of a reinsurer to honor its contractual obligation. No reinsurer of business ceded by the Company has failed to pay policy claims (individually or in the aggregate) with respect to our ceded business. At December 31, 2013, the Company had over 98% of its reinsurance recoverable amounts concentrated with two reinsurers, Sagicor and SNL. SNL, who is not rated by A.M. Best, accounted for $17.3 million of reinsurance recoverable.

      The Company monitors several factors that it considers relevant to satisfy itself as to the ongoing ability of a reinsurer to meet all obligations of the reinsurance agreements. These factors include the credit rating of the reinsurer, the financial strength of the reinsurer, significant changes or events of the reinsurer, and any other relevant factors. If the Company believes that any reinsurer would not be able to satisfy its obligations with the Company, a separate contingency reserve may be established. At December 31, 2013 and 2012, no contingency reserve was established.