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Note 13. Policy Benefits and Claims: Schedule of Liability for Policy Benefits and Claims (Tables)
12 Months Ended
Dec. 31, 2013
Tables/Schedules  
Schedule of Liability for Policy Benefits and Claims

 

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

Balance at a beginning of period

 

$

24,993 

$

21,030 

Less: reinsurance recoverables

 

 

1,486 

 

2,715 

Net balance at beginning of period

 

 

23,507 

 

18,315 

Amount incurred:

 

 

 

 

 

   Current year

 

 

86,948 

 

56,652 

   Prior years

 

 

169 

 

197 

      Total

 

 

87,117 

 

56,849 

Amount paid, related to:

 

 

 

 

 

   Current year

 

 

55,623 

 

34,461 

   Prior years

 

 

21,055 

 

17,196 

      Total

 

 

76,678 

 

51,657 

Net balance at end of period

 

 

33,946 

 

23,507 

 

 

 

 

 

 

Plus: reinsurance recoverables

 

 

1,306 

 

1,486 

Balance at end of period

 

$

35,252 

24,993