Fair Value Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Of Financial Instruments (Tables)

Fair Value Of Financial Instruments

	Level 1		Level 2		Level 3		Total
December 31, 2021
Financial instruments:
Available-for-sale fixed maturities:
U.S. Treasury securities	$	6,309,805	$	-	$	-	$	6,309,805
Corporate securities		-		45,249,973		-		45,249,973
Agency mortgage-backed securities		-		20,853,627		-		20,853,627
Held-to-maturity securities
Certificates of deposits		-		300,000		-		300,000
Equity securities		4,131,153		-		-		4,131,153
Short-term investments		1,154,750		-		-		1,154,750
Total financial instruments at fair value	$	11,595,708	$	66,403,600	$	-	$	77,999,308
December 31, 2020
Financial instruments:
Available-for-sale fixed maturities:
U.S. Treasury securities	$	10,832,181	$	-	$	-	$	10,832,181
Corporate securities		-		46,451,905		-		46,451,905
Agency mortgage-backed securities		-		26,125,608		-		26,125,608
Held-to-maturity securities
Certificates of deposits		-		798,000		-		798,000
Equity securities		2,746,706		-		-		2,746,706
Short-term investments		200,000		-		-		200,000
Total financial instruments at fair value	$	13,778,887	$	73,375,513	$	-	$	87,154,400