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Investments, Net Investment Gains (Losses) and Change in Net Unrealized Gains on Available-for-sale Investments (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Realized gains on available-for-sale investments [Abstract]        
Total realized gains $ 373,662 $ 1,097,665 $ 907,904 $ 1,097,665
Realized losses on available-for-sale investments [Abstract]        
Other-than-temporary impairments 0 0 0 0
Total realized losses (258,458) (54,914) (258,458) (553,605)
Net realized investment gains (losses) 115,204 1,042,751 649,446 544,060
Change in fair value of equity securities [Abstract]        
Change in fair value of equity securities sold during the period [1] 0 0 0 0
Change in fair value of equity securities held at the end of the period [1] 11,231,720 0 15,360,956 0
Change in fair value of equity securities [1] 11,231,720 0 15,360,956 0
Total net investment gains (losses) [1] 11,346,924 1,042,751 16,010,402 544,060
Unrealized gains on available-for-sale investments included other comprehensive income [Abstract]        
Change in net unrealized gains on available-for-sale investments included in other comprehensive income (1,941,236) 384,871 (6,226,539) 4,855,895
Fixed Maturities [Member]        
Realized gains on available-for-sale investments [Abstract]        
Total realized gains 373,662 244,639 373,662 244,639
Realized losses on available-for-sale investments [Abstract]        
Total realized losses (258,458) (19,688) (258,458) (34,032)
Unrealized gains on available-for-sale investments included other comprehensive income [Abstract]        
Change in net unrealized gains on available-for-sale investments included in other comprehensive income (1,941,236) 2,138,739 (6,226,539) 5,186,182
Equity Securities [Member]        
Realized gains on available-for-sale investments [Abstract]        
Total realized gains [1] 0 853,026 0 853,026
Realized losses on available-for-sale investments [Abstract]        
Total realized losses [1] 0 0 0 0
Unrealized gains on available-for-sale investments included other comprehensive income [Abstract]        
Change in net unrealized gains on available-for-sale investments included in other comprehensive income [1] 0 (1,753,868) 0 (330,287)
Other [Member]        
Realized gains on available-for-sale investments [Abstract]        
Total realized gains 0 0 534,242 0
Realized losses on available-for-sale investments [Abstract]        
Total realized losses $ 0 $ (35,226) $ 0 $ (519,573)
[1] Effective January 1, 2018, the Company adopted ASU No. 2016-01. As a result, equity securities are no longer classified as available-for-sale with unrealized gains and losses recognized in other comprehensive income; rather, all changes in the fair value of equity securities are now recognized in net income. Prior periods have not been restated to conform to the current presentation. See note 2.