Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2019

Policy Acquisition Costs [Abstract]

Schedule of Deferred and Amortized Policy Acquisition Costs

	2019		2018
Deferred policy acquisition costs (DAC), beginning of year	$	5,247,188	$	4,592,415
Deferred:
Direct commission		9,172,742		8,938,953
Premium taxes		1,091,575		1,184,884
Ceding commissions		(738,756)		(1,986,128)
Underwriting		891,612		912,589
Net deferred		10,417,173		9,050,298
Amortized		10,395,105		8,395,525
DAC, end of year	$	5,269,256	$	5,247,188
Policy acquisition costs:
Amortized to expense	$	10,395,105	$	8,395,525
Period costs:
Contingent commission		1,365,254		1,859,311
Other underwriting expenses		8,259,646		7,960,147
Total policy acquisition costs	$	20,020,005	$	18,214,983