| Schedule of Fair Value Measurements |
The following table presents information about the Company’s investments that are measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024 indicating the level of the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | Level 1 | | Level 2 | | Level 3 | | Total | | | | | | | | | | Fixed-maturity securities available-for-sale | | | | | | | | | U.S. Treasury securities and obligations of U.S. government corporations and agencies | $ | 5,969,050 | | | $ | - | | | $ | - | | | $ | 5,969,050 | | | | | | | | | | | Political subdivisions of States, Territories and Possessions | - | | | 21,417,548 | | | - | | | 21,417,548 | | | | | | | | | | | | Corporate and other bonds industrial and miscellaneous | 104,532,730 | | | - | | | - | | | 104,532,730 | | | | | | | | | | | | Residential mortgage and other asset backed securities | - | | | 85,760,022 | | | - | | | 85,760,022 | | | Total fixed maturities | 110,501,780 | | | 107,177,570 | | | - | | | 217,679,350 | | | Equity securities | 10,027,099 | | | - | | | - | | | 10,027,099 | | | Total investments, at fair value | $ | 120,528,879 | | | $ | 107,177,570 | | | $ | - | | | $ | 227,706,449 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | | Level 1 | | Level 2 | | Level 3 | | Total | | | | | | | | | | | Fixed-maturity securities available-for-sale | | | | | | | | | U.S. Treasury securities and obligations of U.S. government corporations and agencies | $ | - | | | $ | - | | | $ | - | | | $ | — | | | | | | | | | | | Political subdivisions of States, Territories and Possessions | - | | | 20,873,097 | | | - | | | 20,873,097 | | | | | | | | | | | Corporate and other bonds industrial and miscellaneous | 106,792,378 | | | - | | | - | | | 106,792,378 | | | | | | | | | | | | Residential mortgage and other asset backed securities | - | | | 59,227,963 | | | - | | | 59,227,963 | | | Total fixed maturities | 106,792,378 | | | 80,101,060 | | | - | | | 186,893,438 | | | Equity securities | 10,296,505 | | | - | | | - | | | 10,296,505 | | | Total investments, at fair value | $ | 117,088,883 | | | $ | 80,101,060 | | | $ | - | | | $ | 197,189,943 | |
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| Schedule of Hedge Fund Investments |
The following table sets forth the Company’s investment in a hedge fund measured at Net Asset Value (“NAV”) per share as of June 30, 2025 and December 31, 2024. The Company measures this investment at fair value on a recurring basis. Fair value using NAV per share is as follows as of the dates indicated: | | | | | | | | | | | | | | | | Category | | June 30, 2025 | | December 31, 2024 | | | | | | | Other Investments | | | | | | Hedge fund | | $ | 5,083,438 | | | $ | 4,380,656 | |
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