XML 102 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 9. Other Investments
12 Months Ended
Dec. 31, 2012
Notes  
Note 9. Other Investments

9.  Other Investments

 

At December 31, 2012 and December 31, 2011, the Company had an equity investment in Majestic with a carrying value of $768,000 and $797,000, respectively.  For years 2012, 2011 and 2010, the Company recorded $57,000, $9,000 and ($45,000), respectively, for its share of income (loss) from its investment in other income in the Consolidated Statements of Operations.

 

In November 2012, the Company invested $500,000 in exchange for a 3.75% interest in Pets Best Insurance Services, LLC (“Pets Best”), a third party administrator for pet insurance.  This investment is carried at cost which approximates fair value.

 

On December 31, 2012, the Company invested $1,250,000 in exchange for a 40% interest in Global Accident Facilities, LLC (“GAF”).  GAF acquired Accident Insurance Services, Morgan Financial, Caprock Claim Management and Medical Pricing Strategies, jointly referred to as AIS.  AIS produces and administers occupational accident and related coverages sold to Texas non-subscribers to workers compensation.