Year ended December 31

2021

2020

Deferred policy acquisition costs at beginning of year

$

3,503,248

$

3,619,594

Policy acquisition costs deferred during year

2,926,203

4,782,461

Policy acquisition costs amortized during year

(5,442,645

)

(4,898,807

)

Deferred policy acquisition costs at end of year

$

986,806

$

3,503,248