Fair Value Of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Of Financial Instruments Tables

Fair value of financial instruments

The following table presents information about the Company’s consolidated financial instruments and their estimated fair values, which are measured on a recurring basis, and are allocated among the three levels within the fair value hierarchy as of March 31, 2016, and December 31, 2015:

		Level 1		Level 2		Level 3		Total
March 31, 2016
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	24,131,412	$	—	$	—	$	24,131,412
Certificates of deposit		—		57,281,000		—		57,281,000
Total fixed maturity securities		24,131,412		57,281,000		—		81,412,412
Cash and short-term investments		11,622,116		—		—		11,622,116
Total financial instruments at fair value	$	35,753,528	$	57,281,000	$	—	$	93,034,528
December 31, 2015
Financial instruments:
Fixed maturity securities:
U.S. treasury securities	$	24,034,291	$	—	$	—	$	24,034,291
Certificates of deposit		—		58,127,000		—		58,127,000
Total fixed maturity securities		24,034,291		58,127,000		—		82,161,291
Cash and short-term investments		15,975,298		—		—		15,975,298
Total financial instruments at fair value	$	40,009,589	$	58,127,000	$	—	$	98,136,589