Note14. Insurance Reserves: Schedule of Liability for Unpaid Claims and Claims Adjustment Expense (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

		Year Ended
		December 31,
		2012		2011

Balance at a beginning of period	$	21,030	$	22,009
Less: reinsurance recoverables		2,715		2,811
Net balance at beginning of period		18,315		19,198
Amount incurred:
Current year		56,652		49,018
Prior years		197		(1,250)
Total		56,849		47,768
Amount paid, related to:
Current year		34,461		32,530
Prior years		17,196		16,121
Total		51,657		48,651
Net balance at end of period		25,507		18,315

Plus: reinsurance recoverables		1,486		2,715
Balance at end of period	$	24,993	$	21,030

- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

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