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REINSURANCE (Tables)
 12 Months Ended
Dec. 31, 2012
REINSURANCE [Abstract]  
Effect of long duration reinsurance contracts on premiums earned
The Company does not have any short-duration reinsurance contracts.  The effect of the Company's long-duration reinsurance contracts on premiums earned in 2012 and 2011 were as follows:

 
 
2012
Premiums Earned
 
2011
Premiums Earned
 
 
 
 
 
Direct
$
13,242,000
$
14,049,000
Assumed
 
35,000
 
33,000
Ceded
 
(3,366,000)
 
(3,935,000)
Net Premiums
$
9,911,000
$
10,147,000