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Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2011

Deferred Policy Acquisition Costs/Reinsurance [Abstract]

7 - Deferred Policy Acquisition Costs

Changes in our insurance subsidiaries’ deferred policy acquisition costs are as follows:


	2011			2010			2009
Balance, January 1	$	34,445,579		$	32,844,179		$	29,541,281
Acquisition costs deferred		70,550,376			67,955,400			63,594,898
Amortization charged to earnings		(68,571,000	)		(66,354,000	)		(60,292,000	)

Balance, December 31	$	36,424,955		$	34,445,579		$	32,844,179

- Definition

Disclosure of accounting policy for capitalizing costs incurred to write or acquire insurance contracts, the basis for and methodology for capitalizing such costs, the accounting for such deferred acquisition costs (DAC) when modifications or internal replacements of related insurance contracts occur and the effect on results of operations, and the methodology and amount of amortization. This disclosure addresses the nature, type, and amount of capitalized costs incurred to write or acquire insurance contracts.

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