Statutory Information and Policies

12 Months Ended

Dec. 31, 2013

Statutory Information and Policies [Abstract]

Statutory Accounting Practices, Statutory Capital and Surplus, Variations

STATUTORY INFORMATION AND POLICIESThe Company's insurance subsidiaries prepare statutory basis financial statements in accordance with accounting practices prescribed or permitted by the Departments of Insurance in states in which they are domiciled. "Prescribed" statutory accounting practices include state laws, regulations and general administrative rules, as well as a variety of publications of the NAIC. "Permitted" statutory accounting practices encompass all accounting practices that are not prescribed. Such practices may differ from state to state; may differ from company to company within a state; and may change in the future. The Company's insurance subsidiaries are required to report results of operations and financial position to insurance regulatory authorities based upon statutory accounting practices. In converting from statutory to U.S. GAAP, typical adjustments include deferral of acquisition costs, the inclusion of statutory non-admitted assets in the balance sheets, the inclusion of net unrealized holding gains or losses related to fixed maturities in shareholders’ equity, and the inclusion of changes in deferred tax assets and liabilities in net loss.Statutory capital and surplus and statutory net loss for the Company's insurance subsidiaries are:(in thousands) December 31,   2013 2012Combined net loss, statutory basis $(3,575) $(19,284)Combined capital and surplus, statutory basis $40,647 $38,308The Company’s insurance subsidiaries are required to hold minimum levels of statutory capital and surplus to satisfy regulatory requirements. The minimum statutory capital and surplus, or company action level RBC, necessary to satisfy regulatory requirements for the Company's insurance subsidiaries collectively was $27.8 million at December 31, 2013. Company action level RBC is the level at which an insurance company is required to file a corrective action plan with its regulators and is equal to 200% of the authorized control level RBC.Dividends paid by insurance subsidiaries are restricted by regulatory requirements of the insurance departments in the subsidiaries' state of domicile. The maximum amount of dividends that can be paid to shareholders by insurance companies without prior approval of the domiciliary state insurance commissioner is generally limited to the greater of (i) 10% of a company's statutory capital and surplus at the end of the previous year or (ii) 100% of the company's net income for the previous year and is generally required to be paid out of an insurance company's unassigned funds.At December 31, 2013, the U.S. insurance subsidiaries of the Company were restricted from making any dividend payments without regulatory approval pursuant to the domiciliary state insurance regulations.

Statutory Accounting Practices Disclosure [Table Text Block]

Statutory capital and surplus and statutory net loss for the Company's insurance subsidiaries are:

(in thousands)	December 31,
	2013			2012
Combined net loss, statutory basis	$	(3,575	)	$	(19,284	)
Combined capital and surplus, statutory basis	$	40,647		$	38,308