Stockholder's Equity

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Stockholder's Equity

STOCKHOLDER'S EQUITY

The Board of Directors of the Company has authorized 1,000,000 shares of common stock with a par value of $5.00 per share. All shares are issued and outstanding as of December 31, 2016 and 2015. All the outstanding shares at December 31, 2016 are owned by the Parent (see Note 1). The Company paid dividends of $890,000, $83,000 and $97,000 during the years ended December 31, 2016, 2015 and 2014, respectively. The dividends paid in 2016 consisted of both cash and investments. The Company received a capital contribution from an affiliated entity of $54,271 related to the sale of Assurant Employee Benefits during the year ended December 31, 2016.

As described in Note 8, the Company, under state regulatory requirements, is not able to pay any dividends in 2017 without permission from Kansas regulators.