OTHER CASH FLOW DISCLOSURES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
OTHER CASH FLOW DISCLOSURES [Abstract]
Interest expense paid	$ 70,141	$ 635,664
Federal income tax	3,300,000	4,000
Bonds	27,651,746
Common Stock	1,023,394
Cash	2,480,706
Noncash transaction LOC	0.0	$ 4.4
Total reinsurance assets received	$ 31,155,846