Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2020

Insurance [Abstract]

Schedule of Major Categories of the Deferred Policy Acquisition Costs

Major categories of the Company’s deferred policy acquisition costs are summarized as follows:  

	December 31,
	2020		2019
	(in thousands)
Agents’ commissions	$	13,244	$	14,290
Premium taxes		2,806		2,960
Deferred underwriting expenses		1,760		1,798
Total deferred policy acquisition costs	$	17,810	$	19,048

Schedule of the Activity in the Deferred Policy Acquisition Costs

The following summarizes the activity in the deferred policy acquisition costs:

	Year Ended December 31,
	2020			2019			2018
	(in thousands)
Balance, beginning of year	$	19,048		$	19,734		$	20,251
Policy acquisition costs deferred		40,345			43,872			45,252
Amortization expense during the year		(41,583	)		(44,558	)		(45,769	)
Balance, end of year	$	17,810		$	19,048		$	19,734