D. Deferred Policy Acquisition Costs

12 Months Ended

May 31, 2017

Deferred Policy Acquisition Costs

Deferred Policy Acquisition Costs

Note D-Deferred Policy Acquisition Costs

The following reflects the policy acquisition costs deferred for amortization against future income and the related amortization charged to operations.

	2017			2016
Balance at beginning of year	$	171,883		$	154,978
Acquisition costs incurred		785,986			301,032
Amortization charged to operations		(590,260	)		(284,127	)
Total	$	367,609		$	171,883