XML 71 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1. Significant Accounting Policies and Practices: Subsequent Event (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Subsequent Event

(P)                    Subsequent Event

 

In January 2013, the Company acquired 199,784 shares of AMIC stock for $1,198,704 in a private transaction.  This event increased IHC’s ownership of AMIC from 78.6% to 80.6%.  As a result of being owned in excess of 80%, the Company will be included in the consolidated Federal income tax returns of IHC on a June 30 fiscal year (see Note 13 of Notes to Consolidated Financial Statements).