Note 8. Policy Benefits and Claims: Schedule of Liability for Unpaid Claims and Claims Adjustment Expense (Tables)

12 Months Ended

Dec. 31, 2014

Tables/Schedules

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

		2014		2013		2012
Balance at beginning of year	$	237,754	$	194,480	$	192,987
Less: reinsurance recoverable		72,772		78,629		83,137
Net balance at beginning of year		164,982		115,851		109,850
Amount assumed		-		15,384		-
Amount incurred, related to:
Current year		303,973		324,040		213,818
Prior years		(4,552)		(3,230)		(8,908)
Total incurred		299,421		320,810		204,910
Amount paid, related to:
Current year		192,001		207,315		130,386
Prior years		114,130		79,748		68,523
Total paid		306,131		287,063		198,909
Net balance at end of year		158,272		164,982		115,851
Plus:  reinsurance recoverable		78,531		72,772		78,629
Balance at end of year	$	236,803	$	237,754	$	194,480