Fair Value of Financial Instruments - Fair Value of Invested Assets (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
U.S. treasury securities	$ 5,094,016	$ 5,086,806
Certificates of deposit	6,649,000	6,849,000
Total fixed maturities	11,743,016	11,935,806
Cash and short term investments	94,660,049	94,183,705
Total financial instruments at fair value	106,403,065	106,119,511
Level 1
U.S. treasury securities	5,094,016	5,086,806
Certificates of deposit	0	0
Total fixed maturities	5,094,016	5,086,806
Cash and short term investments	94,660,049	94,183,705
Total financial instruments at fair value	99,754,065	99,270,511
Level 2
U.S. treasury securities	0	0
Certificates of deposit	6,649,000	6,849,000
Total fixed maturities	6,649,000	6,849,000
Cash and short term investments	0	0
Total financial instruments at fair value	6,649,000	6,849,000
Level 3
U.S. treasury securities	0	0
Certificates of deposit	0	0
Total fixed maturities	0	0
Cash and short term investments	0	0
Total financial instruments at fair value	$ 0	$ 0

A savings certificate entitling the Entity (that is, bearer) to receive interest at an established maturity date, based upon a fixed interest rate. A certificate of deposit may be issued in any denomination. Certificates of deposit are generally issued by commercial banks and, therefore, insured by the FDIC (up to the prescribed limit). Certificates of deposit generally restrict holders from withdrawing funds on demand without the incurrence of penalties. Generally, only certificates of deposit with original maturities of three months or less qualify as cash equivalents. Original maturity means original maturity to the entity holding the investment. As a related example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.

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Debt (bills, notes or bonds) that are issued by the government of the United States which are short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.

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