INVESTMENTS (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2016 USD ($) Security Loans	Mar. 31, 2015 USD ($)	Dec. 31, 2015 USD ($) Security Loans	Jun. 30, 2015 USD ($)	Jun. 30, 2014
Amortized cost and estimated value of debt securities, by contractual maturity [Abstract]
Due in one year or less	$ 1,013,040
Due after one year through five years	27,084,818
Due after five years through ten years	63,382,290
Due after ten years	100,383,216
Collateralized mortgage obligations	0
Total	191,863,364
Fixed maturities [Abstract]
Original or Amortized Cost	230,615,227		$ 232,602,408
Gross Unrealized Gains	15,939,817	$ 7,331,094
Gross Unrealized Losses	(6,189,538)	(9,129,065)
Estimated Market Value	240,365,506		230,804,437
Amortized cost and estimated market value of debt securities, by contractual maturity [Abstract]
Due in one year or less	998,666
Due after one year through five years	26,578,214
Due after five years through ten years	62,666,926
Due after ten years	96,375,372
Collateralized mortgage obligation	0
Total	186,619,178		188,647,671
Trading Securities [Abstract]
Fair value, derivatives included in trading security assets	0		0
Fair value, derivative included in trading security liabilities	(14,070)		$ (28,609)
trading transfer to available for sale securities	0			$ 3,224,000
Trading securities, net unrealized gain (loss)	14,539	947,630
Trading securities, realized gain (loss)	0	(423,657)
Increase (Decrease) in Trading Securities [Abstract]
Net Realized and Unrealized Gain (Loss) on Trading Securities	$ 14,539	523,973
Mortgages [Abstract]
Number of Mortgage Loans including Discounted Mortgage Loans	30.00%		30.00%
Mortgage Loans including Discounted Mortgage Loans	$ 0		$ 13,774,698
Mortgage loans reserve	$ 0	$ 0
Average purchase price to outstanding loan (in hundredths)	33.00%	39.00%
Commercial loans maximum rate	8.50%				8.00%
Commercial loans minimum rate	3.94%				4.00%
Residential loans maximum rate	8.00%				8.00%
Residential loans minimum rate	3.00%				3.00%
Loan limit threshold for appraised property value	80.00%	80.00%
Mortgage loans reserve	$ 0	$ 0
Discounted mortgage loan portfolio payment performance [Abstract]
Number of discounted loans with no payments	8		8
Number of discounted loans one time payment received | Loans	1		1
Number of discounted loans irregular payments received | Loans	2		2
Number of discounted loans periodic payments received | Loans	6		7
Number of discounted loans | Loans	17		18
Discounted loans with no payments | Loans	0		0
Discounted loans with one time payment received	$ 0		$ 0
Discounted loans with irregular payments received	20,834		20,834
Discounted loans with periodic payments received	5,129,702		5,347,215
Discounted loans	5,150,536		5,368,049
Discounted mortgage loan holdings [Abstract]
In good standing	13,907,891		14,701,228
Overdue interest over 90 days	20,834		20,834
Restructured	69,827		126,118
In process of foreclosure	2,895,826		2,921,750
Total discounted mortgage loans	16,894,378		17,769,930
Total foreclosed discounted mortgage loans	0		0
U.S. Government and Government Agencies and Authorities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	17,377,155		20,336,681
Gross Unrealized Gains	1,586,374	1,441,890
Gross Unrealized Losses	0	(32,083)
Estimated Market Value	18,963,529		21,746,488
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	0		4,966,210
Less than 12 months, Unrealized losses	0	(32,083)
Twelve months or longer, Fair value	0		0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	0		4,966,210
Total Unrealized losses	0	(32,083)
US Special Revenue and Assessments [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	1,137,505		1,137,546
Gross Unrealized Gains	17,787	7,843
Gross Unrealized Losses	0	(2,550)
Estimated Market Value	1,155,292		1,142,839
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	0		984,770
Less than 12 months, Unrealized losses	0	(2,550)
Twelve months or longer, Fair value	0		0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	0		984,770
Total Unrealized losses	0	(2,550)
States, Municipalities and Political Subdivisions [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	0		0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Market Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value			0
Less than 12 months, Unrealized losses		0
Twelve months or longer, Fair value			0
Twelve months or longer, Unrealized losses		0
Total Fair value			0
Total Unrealized losses		0
Collateralized Mortgage Obligations [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	0		0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Market Value	0		0
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	0		0
Less than 12 months, Unrealized losses	0	0
Twelve months or longer, Fair value	0		0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	0		0
Total Unrealized losses	0	0
Public Utilities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	0		0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Market Value	0		0
Debt Securities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	186,619,178		188,647,671
Gross Unrealized Gains	10,216,461	5,211,889
Gross Unrealized Losses	(4,972,275)	(8,740,463)
Estimated Market Value	191,863,364		185,119,097
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	46,598,824		91,685,077
Less than 12 months, Unrealized losses	(3,838,258)	(5,289,909)
Twelve months or longer, Fair value	18,923,605		19,400,640
Twelve months or longer, Unrealized losses	(1,134,017)	(3,450,554)
Total Fair value	65,522,429		$ 111,085,717
Total Unrealized losses	$ (4,972,275)	(8,740,463)
Less than 12 months Number of Securities | Security	23		40
Twelve months or longer Number of Securities | Security	6		9
Total Number of Securities | Security	29		49
Equity Securities [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	$ 43,996,049		$ 43,954,737
Gross Unrealized Gains	5,723,356	2,119,205
Gross Unrealized Losses	(1,217,263)	(388,602)
Estimated Market Value	48,502,142		45,685,340
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	14,755,144		4,741,132
Less than 12 months, Unrealized losses	(1,217,263)	(388,602)
Twelve months or longer, Fair value	0		0
Twelve months or longer, Unrealized losses	0	0
Total Fair value	14,755,144		$ 4,741,132
Total Unrealized losses	$ (1,217,263)	(388,602)
Less than 12 months Number of Securities | Security	8		9
Twelve months or longer Number of Securities | Security	0		0
Total Number of Securities | Security	8		9
All Other Corporate Bonds [Member]
Fixed maturities [Abstract]
Original or Amortized Cost	$ 168,104,518		$ 167,173,444
Gross Unrealized Gains	8,612,300	3,762,156
Gross Unrealized Losses	(4,972,275)	(8,705,830)
Estimated Market Value	171,744,543		162,229,770
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, Fair value	46,598,824		85,734,097
Less than 12 months, Unrealized losses	(3,838,258)	(5,255,276)
Twelve months or longer, Fair value	18,923,605		19,400,640
Twelve months or longer, Unrealized losses	(1,134,017)	(3,450,554)
Total Fair value	65,522,429		$ 105,134,737
Total Unrealized losses	$ (4,972,275)	$ (8,705,830)