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Note 13. Policy Benefits and Claims: Schedule of Liability for Policy Benefits and Claims (Tables)
12 Months Ended
Dec. 31, 2015
Tables/Schedules  
Schedule of Liability for Policy Benefits and Claims

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

Balance at a beginning of period

 

$

33,616 

$

35,252 

Less: reinsurance recoverables

 

 

344 

 

1,306 

Net balance at beginning of period

 

 

33,272 

 

33,946 

Amount incurred:

 

 

 

 

 

   Current year

 

 

97,647 

 

88,507 

   Prior years

 

 

1,094 

 

380 

      Total

 

 

98,741 

 

88,887 

Amount paid, related to:

 

 

 

 

 

   Current year

 

 

59,175 

 

58,566 

   Prior years

 

 

29,076 

 

30,995 

      Total

 

 

88,251 

 

89,561 

Net balance at end of period

 

 

43,762 

 

33,272 

 

 

 

 

 

 

Plus: reinsurance recoverables

 

 

 

344 

Balance at end of period

 

$

43,764 

33,616