Investments In Securities (Tables)

6 Months Ended

Jun. 30, 2012

Investments In Securities [Abstract]

Schedule Of Gross Unrealized Gains And Losses And Amortized Cost For Securities

June 30, 2012	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities, available-for-sale, at fair value-
Obligations of states and political subdivisions	$	59,082,735	$	5,374,612	$	23,777	$	64,433,570
Corporate debt securities		19,360,049		1,190,590		70,667		20,479,972
Auction rate securities		3,642,324		55,776		-		3,698,100
Total	$	82,085,108	$	6,620,978	$	94,444	$	88,611,642
Equity securities, available-for-sale at fair value-
Common stocks and nonredeemable preferred stocks	$	19,690,734	$	6,446,241	$	175,364	$	25,961,611
Total	$	19,690,734	$	6,446,241	$	175,364	$	25,961,611
Short-term investments-
Money market mutual funds and certificates of deposit	$	8,420,944	$	-	$	-	$	8,420,944
Total	$	8,420,944	$	-	$	-	$	8,420,944

December 31, 2011	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Fixed maturities, available-for-sale, at fair value-
Obligations of states and political subdivisions	$	62,042,929	$	5,583,733	$	13,869	$	67,612,793
Corporate debt securities		12,188,639		1,202,149		148,616		13,242,172
Auction rate securities		4,552,400		-		-		4,552,400
Total	$	78,783,968	$	6,785,882	$	162,485	$	85,407,365
Equity securities, available-for-sale at fair value-
Common stocks and nonredeemable preferred stocks	$	17,652,745	$	4,939,053	$	41,823	$	22,549,975
Total	$	17,652,745	$	4,939,053	$	41,823	$	22,549,975
Short-term investments-
Money market mutual funds and certificates of deposit	$	14,112,262	$	-	$	-	$	14,112,262
Total	$	14,112,262	$	-	$	-	$	14,112,262

Schedule Of Fixed Maturity Securities

		Available-for-Sale
		Amortized		Fair
		Cost		Value
Due in one year or less	$	6,918,254	$	6,989,491
Due after one year through five years		38,190,552		40,630,171
Due five years through ten years		29,976,851		33,084,023
Due after ten years		6,999,451		7,907,957
Total	$	82,085,108	$	88,611,642

Schedule Of Gross Realized Gains And Losses On Securities

	2012			2011
Gross realized gains:
Obligations of states and political subdivisions	$	250		$	20,846
Common stocks and nonredeemable preferred stocks		163,764			262,952
Auction rate securities		40,057			15,428
Total		204,071			299,226
Gross realized losses:
Common stocks and nonredeemable preferred stocks		(74,661	)		(46,413	)
Other than temporary impairment of securities		(76,539	)		(64,468	)
Total		(151,200	)		(110,881	)
Net realized gain	$	52,871		$	188,345

Schedule Of Unrealized Losses On Investments

	Less than 12 Months					12 Months or Longer					Total
June 30, 2012	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Obligations of states
and political
subdivisions	$	-	$	-		$	1,001,350	$	(23,777	)	$	1,001,350	$	(23,777	)
Corporate debt
securities		3,154,335		(12,667	)		960,360		(58,000	)		4,114,695		(70,667	)
Total fixed income
securities	$	3,154,335	$	(12,667	)	$	1,961,710	$	(81,777	)	$	5,116,045	$	(94,444	)
Equity securities		2,513,568		(175,364	)		-		-			2,513,568		(175,364	)
Total temporarily
impaired Securities	$	5,667,903	$	(188,031	)	$	1,961,710	$	(81,777	)	$	7,629,613	$	(269,808	)

	Less than 12 Months					12 Months or Longer					Total
December 31, 2011	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
Obligations of states
and political
subdivisions	$	663,666	$	(64	)	$	1,023,180	$	(13,805	)	$	1,686,846	$	(13,869	)
Corporate debt
securities		3,015,769		(148,616	)		-		-			3,015,769		(148,616	)
Total fixed income
securities	$	3,679,435	$	(148,680	)	$	1,023,180	$	(13,805	)	$	4,702,615	$	(162,485	)
Equity securities		957,072		(40,893	)		104,130		(930	)		1,061,202		(41,823	)
Total temporarily
impaired securities	$	4,636,507	$	(189,573	)	$	1,127,310	$	(14,735	)	$	5,763,817	$	(204,308	)