Homeowners of America Holding 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 13, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Common Stock, Shares Outstanding	'	16,168,852
Entity Registrant Name	'Homeowners of America Holding Corp	'
Entity Central Index Key	'0001346922	'
Current Fiscal Year End Date	'--12-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Assets:	'	'
Cash and cash equivalents	$8,944,973	$8,104,310
Short-term investments	3,581,429	4,151,011
Restricted cash and investments	2,800,000	1,000,000
Restricted fixed-maturity securities, available-for-sale, at fair value (amortized cost $539,518)	539,435	0
Fixed-maturity securities, available-for-sale, at fair value (amortized cost $3,163,792)	3,173,039	0
Long-term investments	1,470,000	1,960,000
Accrued investment income	55,045	8,853
Due and deferred premiums	4,490,889	4,169,824
Balance due from reinsurers	61,384,130	46,281,756
Property, equipment and software, net	355,344	244,516
Deferred policy acquisition costs	7,768,160	6,214,334
Prepaid expenses and other	276,241	128,195
Deferred tax assets, net	1,482,849	933,221
Total assets	96,321,534	73,196,020
Liabilities:	'	'
Loss and loss adjustment expenses	17,738,009	15,884,062
Advance premiums	137,786	90,854
Ceded reinsurance premiums payable	8,812,245	3,271,858
Unearned premiums	39,337,398	31,297,118
Unearned ceding commissions	11,010,825	8,067,162
Commissions payable, reinsurers and agents	2,923,426	3,716,423
General and other accrued expenses payable	5,342,986	1,906,265
Income tax payable	192,833	211,198
Taxes, licenses and other fees payable	351,597	474,503
Total liabilities	85,847,105	64,919,443
Stockholders' equity:	'	'
Preferred stock, convertible; 12.5% cumulative; $0.0001 par value per share; 20,500,000 shares authorized; no shares issued and outstanding as of September 30, 2014 and December 31, 2013	0	0
Common stock, $0.0001 par value per share; 40,000,000 shares authorized;17,479,852 shares issued and 16,168,852 shares outstanding as of September 30, 2014 and 17,181,140 shares issued and 15,831,140 shares outstanding as of December 31, 2013	1,617	1,583
Treasury stock, $0.0001 par value per share; 1,311,000 common shares as of September 30, 2014 and 1,350,000 common shares as of December 31, 2013	-131	-135
Additional paid-in-capital	6,200,529	5,969,550
Accumulated other comprehensive income	9,164	0
Retained earnings	4,263,250	2,305,579
Total stockholders' equity	10,474,429	8,276,577
Total liabilities and stockholders' equity	$96,321,534	$73,196,020

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Assets:	'	'
Restricted fixed-maturity securities, available for sale, amortized cost	$539,518	$0
Fixed-maturity securities, available for sale, amortized cost	$3,163,792	$0
Stockholders' equity:	'	'
Preferred stock, convertible cumulative percentage (in hundredths)	12.50%	12.50%
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	20,500,000	20,500,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	17,479,852	17,181,140
Common stock, shares outstanding (in shares)	16,168,852	15,831,140
Treasury stock par value (in dollars per share)	$0.00	$0.00
Treasury stock (in shares)	1,311,000	1,350,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues:	'	'	'	'
Premiums earned	$16,893,086	$13,643,436	$46,933,714	$39,037,947
Ceded premiums	-16,046,107	-12,390,289	-43,539,301	-35,494,253
Net premiums earned	846,979	1,253,147	3,394,413	3,543,694
Policy fees	1,578,900	1,286,995	4,188,500	3,497,765
Ceding commissions and reinsurance profit share	5,078,682	3,044,488	12,375,912	8,143,900
Investment income, net of investment expenses	10,647	9,339	19,888	31,684
Loss adjustment and other fee income	334,277	288,289	1,159,478	984,384
Total Revenue	7,849,485	5,882,258	21,138,191	16,201,427
Expenses:	'	'	'	'
Losses and loss adjustment expenses	554,486	547,080	1,990,625	1,967,627
Policy acquisition and other underwriting expenses	4,521,009	3,300,522	11,939,855	9,370,086
General and administrative expenses	1,246,887	1,057,808	4,197,353	3,071,369
Total Expenses	6,322,382	4,905,410	18,127,833	14,409,082
Income before income taxes	1,527,103	976,848	3,010,358	1,792,345
Provision (benefit) for income taxes:	'	'	'	'
Current	680,040	374,639	1,602,315	725,531
Deferred	-149,527	-58,710	-549,628	-117,277
Total income taxes	530,513	315,929	1,052,687	608,254
Net income	996,590	660,919	1,957,671	1,184,091
Cumulative preferred stock dividends	0	-255,215	0	-974,179
Adjusted net income	$996,590	$405,704	$1,957,671	$209,912
Basic income per common share (in dollars per share)	$0.06	$0.06	$0.12	$0.06
Diluted income per common share (in dollars per share)	$0.06	$0.04	$0.11	$0.06
Cash dividend declared per common share (in dollars per share)	$0	$0	$0	$0

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement Of Income And Comprehensive Income [Abstract]	'	'	'	'
Net income	$996,590	$660,919	$1,957,671	$1,184,091
Change in unrealized gain on investments:	'	'	'	'
Unrealized gain arising from the period	4,012	0	9,164	0
Deferred income taxes on above change	0	0	0	0
Total other comprehensive income, net of income taxes	4,012	0	9,164	0
Comprehensive income	$1,000,602	$660,919	$1,966,835	$1,184,091

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (UNAUDITED) (USD $)	Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income, Net of Tax [Member]	Retained Earnings [Member]	Total
	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]
Balance at Dec. 31, 2012	$450	$50	$90	$0	$4,906,000	$0	$336,816	$5,243,406
Balance (in shares) at Dec. 31, 2012	4,500,000	500,000	900,000	0	'	'	'	'
Net income	0	0	0	0	0	0	1,184,091	1,184,091
Total other comprehensive income, net of income taxes	'	'	'	'	'	'	'	0
Conversion of series A preferred stock	-450	0	1,125	0	0	0	0	675
Conversion of series A preferred stock (in shares)	-4,500,000	0	11,250,000	0	'	'	'	'
Conversion of series B preferred stock	0	-50	125	0	0	0	0	75
Conversion of series B preferred stock (in shares)	0	-500,000	1,250,000	0	'	'	'	'
Conversion of convertible note payable	0	0	216	0	950,000	0	0	950,216
Conversion of convertible note payable (in shares)	0	0	2,158,875	0	'	'	'	'
Conversion of interest on convertible note payable	0	0	15	0	64,716	0	0	64,731
Conversion of interest on convertible note payable (in shares)	0	0	147,277	0	'	'	'	'
Repurchase of common stock	0	0	0	-135	-5,265	0	0	-5,400
Repurchase of common stock (in shares)	0	0	0	1,350,000	'	'	'	'
Adjustment of par value to reflect forward stock split	0	0	0	0	-889	0	0	-889
Balance at Sep. 30, 2013	0	0	1,571	-135	5,914,562	0	1,520,907	7,436,905
Balance (in shares) at Sep. 30, 2013	0	0	15,706,152	1,350,000	'	'	'	'
Balance at Dec. 31, 2013	'	'	1,583	-135	5,969,550	0	2,305,579	8,276,577
Balance (in shares) at Dec. 31, 2013	'	'	15,831,140	1,350,000	'	'	'	'
Net income	'	'	0	0	0	0	1,957,671	1,957,671
Total other comprehensive income, net of income taxes	'	'	0	0	0	9,164	0	9,164
Stock options exercised	'	'	1	0	7,849	0	0	7,850
Stock options exercised (in shares)	'	'	10,250	0	'	'	'	'
Common stock issued	'	'	33	4	170,243	0	0	170,280
Common stock issued (in shares)	'	'	327,462	-39,000	'	'	'	'
Stock-based compensation	'	'	0	0	52,887	0	0	52,887
Balance at Sep. 30, 2014	'	'	$1,617	($131)	$6,200,529	$9,164	$4,263,250	$10,474,429
Balance (in shares) at Sep. 30, 2014	'	'	16,168,852	1,311,000	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:	'	'
Net income	$1,957,671	$1,184,091
Adjustments to reconcile net income to net cash provided by (used in) by operating activities:	'	'
Depreciation & amortization	89,159	63,573
Accounting charge related to stock-based compensation expense	52,887	0
Common stock compensation for management services	150,000	0
Other stock issuance expense	20,280	0
Amortization of premium/accretion of discount, net	41,707	0
Deferred tax assets	-549,628	-117,277
(Increase) decrease in:	'	'
Accrued investment income	-46,192	-6,422
Due and deferred premiums	-321,065	-202,786
Balance due from reinsurers	-15,102,374	-10,509,618
Deferred policy acquisition costs	-1,553,826	-875,320
Deferred ceding commissions	0	682,421
TWIA assessments	0	80,040
Prepaid and other	-148,046	-81,548
Increase (decrease) in:	'	'
Losses and loss adjustment expenses	1,853,947	3,958,780
Advance premiums	46,932	66,488
Ceded reinsurance premiums payable	5,540,387	4,229,758
Unearned premiums	8,040,280	4,332,432
Ceded deferred premiums	0	-2,381,906
Unearned ceding commissions	2,943,663	1,142,418
Commissions payable, reinsurance & agents	-792,997	-4,112,204
General and other accrued expenses	3,436,721	1,838,850
Interest on notes convertible	0	68,630
Income tax payable	-18,365	-109,690
Taxes, licenses and other fees payable	-122,906	-277,785
Net cash provided by (used in) operating activities	5,518,235	-1,027,075
Cash flows from investing activities:	'	'
Purchases of long-term certificate of deposit	-1,605,000	-2,703,305
Maturities of long-term certificate of deposit	1,960,000	1,452,000
Purchases of short-term investments	-3,136,612	-1,440,195
Maturities of short-term investments	2,041,194	1,862,181
Purchases of fixed-maturity securities, available-for-sale	-3,995,017	0
Call or maturity of fixed-maturity securities, available-for-sale	250,000	0
Additions to furniture, equipment and software	-199,987	-51,180
Net cash used in investing activities	-4,685,422	-880,499
Cash flows from financing activities:	'	'
Proceeds from stock options exercised	7,850	0
Repurchase of common stock	0	-5,400
Net cash provided by (used in) financing activities	7,850	-5,400
Net increase (decrease) in cash and cash equivalents	840,663	-1,912,974
Cash and cash equivalents, beginning of period	8,104,310	10,194,375
Cash and cash equivalents, end of the period	8,944,973	8,281,401
Supplemental disclosure of cash flow information:	'	'
Cash paid for income taxes	1,620,681	801,274
Repayment of Debt on Convertible Note and Conversion to Common Stock [Member]	'	'
Non cash investing from financing activities:	'	'
Conversion to common stock	0	950,000
Conversion of Interest on Convertible Note [Member]	'	'
Non cash investing from financing activities:	'	'
Conversion to common stock	$0	$64,808

ORGANIZATION_AND_SUMMARY_OF_SI

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	1.            ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Homeowners of America Holding Corporation ("HAHC") is an insurance holding company established to hold insurance entities for the purpose of marketing homeowners insurance products on a national basis. HAHC owns 100% of Homeowners of America Insurance Company ("HAIC"). HAIC is domiciled in Texas, licensed in multiple states and is authorized to write various forms of homeowners and auto insurance. Coverage is concentrated in Texas. HAHC also owns 100% of Homeowners of America MGA, Inc. ("MGA"), a Texas Corporation, formed as a captive managing general agency to produce business in Texas and to provide various claims and administration services for HAIC. HAHC, along with its subsidiaries HAIC and MGA, are collectively referred to as "the Company".
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of Homeowners of America Holding Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Certain reclassifications of prior year amounts have been made to conform to the current year presentation.
	Restatement of Prior Year Amounts
	In conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 31, 2014, we restated the unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2013.  These restatements resulted in money market mutual fund accounts held at financial institutions which were previously classified as short-term investments to be now classified as cash and cash equivalents. In addition, checks issued in excess of cash book balances, not yet presented for payment, which were previously classified as cash and cash equivalents are now classified as general and other accrued expenses payable.
		Nine Months Ended
		30-Sep-13
		As			Adjustment		As Restated
		Previously
		Reported
	Consolidated Statements of Cash Flows:
	Cash flows from operating activities
	General and other accrued expenses	$	52,117		$	1,786,733	$	1,838,850
	Net cash used in operating activities		(2,813,808	)		1,786,733		(1,027,075	)
	Cash flows from investing activities
	Purchases of short term investments		(5,932,051	)		4,491,856		(1,440,195	)
	Net cash used in investing activities		(5,372,355	)		4,491,856		(880,499	)
	Net decrease in cash and cash equivalents		(8,191,563	)		6,278,589		(1,912,974	)
	Cash and cash equivalents, beginning of period		10,194,375			-		10,194,375
	Cash and cash equivalents, end of period	$	2,002,812		$	6,278,589	$	8,281,401
	Cash and Cash Equivalents
	Cash and cash equivalents include cash and highly liquid short-term investments, with original maturities of three months or less. The amount is carried at cost, which approximates fair value. At September 30, 2014 and December 31, 2013, cash and cash equivalents consist of cash on deposit with financial institutions, as well as money market mutual funds.
	General and other accrued expenses payable as of September 30, 2014 and December 31, 2013, include $4.7 million and $1.2 million, respectively, of checks issued in excess of cash book balances, not yet presented for payment.
	Investments
	The Company's investments are comprised of short-term, restricted, and long-term investments and fixed-maturity securities classified as available-for-sale as of September 30, 2014 and short-term, restricted, and long-term investments as of December 31, 2013. Restricted investments and long-term investments are described below. Short-term investments include certificates of deposit with original maturities greater than three months and maturities of one year or less. Due to the short-term nature of these investments, significant changes in prevailing interest rates and economic conditions should not adversely affect the timing and amount of cash flows on such investments or their related values. Accordingly, certificates of deposit are carried at cost, which approximates fair value. Fixed-maturity securities are classified as available-for-sale when it is not management's intent to make profits by buying and selling the securities within a short period of time or when it is not management's intent to hold the securities to maturity.  Fixed-maturity securities classified as available-for-sale are carried at fair value. The unrealized holding gains and losses, net of applicable deferred income taxes, are shown as a separate component of stockholders' equity as a part of accumulated other comprehensive income (loss) and, as such, are not included in the determination of net income (loss).
	As of September 30, 2014 and December 31, 2013, the Company has pledged to the Department of Insurance in certain states as a condition of its Certificate of Authority for the purpose of meeting obligations to policyholders and creditors $3.3 million and $1.0 million, respectively. Restricted assets are shown separately in the accompanying consolidated balance sheets as "Restricted cash and investments" and include money market accounts and certificates of deposits. "Restricted fixed-maturity securities, classified as available-for-sale" are shown separately in the accompanying consolidated balance sheets and recorded at fair value. With the approval of the Departments of Insurance, the Company may exchange the investments with other funds or investments. In respect to certificates of deposit, management intends to hold the portion of these restricted investments to their maturity. As such, these restricted certificates of deposit are carried at cost, which approximates fair value. Interest earned on these investments inures to the benefit of the Company.
	The following table provides the Company's restricted cash and investments as of September 30, 2014 and December 31, 2013.
	Restricted cash and investments	30-Sep-14			31-Dec-13
	Money Market	$	300,000		$	215,000
	Certificates of Deposit		2,500,000			785,000
	US Treasury Bond		539,435			-
		$	3,339,435		$	1,000,000
	As of September 30, 2014 and December 31, 2013, the Company's investments also included certificates of deposit that mature more than one year after the balance sheet date and are reflected on the consolidated balance sheets as Long-term investments. Based on management's intent to hold to maturity, this investment is carried at cost. Cost approximates fair value based on the rates currently offered for deposits of similar remaining maturities.
	The Company's investments in certificates of deposits and money market accounts do not qualify as securities as defined in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 320, Investment – Debt and Equity Securities. Accordingly, the fair value disclosures required by FASB ASC Topic 820, Fair Value Measurements and Disclosures are not provided. The Company's fixed-maturity securities classified as available-for-sale are "marked to market" as of the end of each calendar quarter.  As of that date, unrealized gains and losses are recorded to Accumulated Other Comprehensive Income, except where such securities are deemed to be other-than-temporarily impaired. Where applicable, the Company assesses investments of an issuer currently carrying a net unrealized loss. If in management's judgment, the decline in value is other than temporary, the cost of the investment is written down to fair value with a corresponding charge to earnings. Factors considered in determining whether an impairment exists include financial condition, business prospects and creditworthiness of the issuer, the length of time and magnitude that the asset value has been less than cost, and the ability and intent to hold such investments until the fair value recovers.
	Comprehensive Income
	FASB ASC Topic 220 - Comprehensive Income, requires that recognized revenues, expenses, gains and losses be included in net income (loss). Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the consolidated balance sheet, these items, along with net income (loss), are components of comprehensive income. The Company characterizes their fixed income portfolio as available-for-sale securities when it is not management's intent to make profits by buying and selling the securities within a short period of time or when it is not management's intent to hold the securities to maturity, with appropriate adjustments to other comprehensive income. For the three and nine months ended September 30, 2014, the Company recorded $4,012 and $9,164, respectively of unrealized gains on available-for-sale securities in other comprehensive income.  There were no qualifying items reported in other comprehensive income for the three and nine months ended September 30, 2013.
	Recognition of Premium Revenues
	Premiums are recognized as revenue on a daily pro rata basis over the policy term. The portion of premiums related to the unexpired term of policies in force as of the end of the measurement period and to be earned over the remaining term of those polices, is deferred and reported as unearned premiums.
	Ceding Commissions and Reinsurance Profit Share
	Ceding commissions represent acquisition costs associated with insurance risk ceded to reinsurers and is earned on a pro-rata basis over the life of the associated policy. Reinsurance profit share is additional ceding commissions payable to the Company based upon attaining specified loss ratios within individual treaty years.  Reinsurance profit share income is recognized when earned, which includes adjustments to earned reinsurance profit share based on changes in incurred losses.
	Policy Fees
	Policy fee income includes application fees which are intended to reimburse the Company for a portion of the costs incurred in establishing the insurance. Policy fees on policies where premium is traditionally paid in full upon inception of the policy are recognized when written, while fees charged on policies where premiums are paid in installments, are recognized when collected.
	Loss Adjustment and Other Fee Income
	Loss adjustment and other fee income is recognized as income when collected. There is no amount over 5% of total revenue within this classification on the consolidated statements of operations for the three months ended September 30, 2014 and 2013 and for the nine months ended September 30, 2014. Loss adjustment fee income for the nine months ended September 30, 2013 was in excess of 5%, of total revenue within this classification on the consolidated statements of operations.
	Property, Equipment and Software
	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets, which range from three to five years. The cost and related accumulated depreciation of assets sold or disposed are removed from the accounts and the resulting gain or loss is included in the consolidated statements of operations. Maintenance and repairs are expensed as incurred.
	Software installation and development is stated at cost, net of accumulated amortization. Amortization is calculated on a straight-line basis method over three years.
	Impairment of Long-Lived Assets
	Long-lived assets, such as property, equipment and software, are reviewed for impairment whenever business events or circumstances could lead to or indicate that the value of the asset may not be recoverable. The assessment of possible impairment is based on whether the carrying amount of the assets exceeds its fair value. The Company uses estimates of undiscounted future cash flows in determining the recoverability of long-lived assets. As of September 30, 2014 and December 31, 2013, no impairment has been recorded.
	Deferred Policy and Acquisition Costs
	Deferred policy acquisitions costs ("DAC") as of September 30, 2014 and December 31, 2013, consist of commissions, premium taxes and policy underwriting and production expenses which are incurred through and vary directly with, the level of production of new and renewal insurance business and are amortized over the terms of the policies they relate to. The method used in calculating DAC limits the amount of the deferred cost to their estimated realizable value, which gives effect to allocating their expense along with other period costs associated with the insurance business, in relation to the amount of gross premium earned on policies to which they relate and investment income. DAC is reviewed to determine if it is recoverable from future income, including investment income. The amount of DAC considered recoverable could be reduced in the near term if estimates of future premium income from their related lines of insurance are revised.
	Reserve for Losses and Loss Adjustment Expenses
	The liability for losses and loss adjustment expenses ("LAE") are estimates of the amounts required to cover known incurred losses and LAE, developed through the review and assessment of loss reports, along with the development of known claims. In addition, loss and loss adjustment expense reserves include management's estimate of an amount for losses incurred but not reported ("IBNR"), determined from reviewing overall loss reporting patterns as well as the loss development cycles of individual claim cases. Such liabilities are necessarily based on estimates and while management believes that the amount is adequate, the ultimate liability may be more or less than the amounts provided. The approach and methods for making such estimates and for establishing the resulting liability are continually reviewed and any adjustments are reflected in current earnings.
	Due and Deferred Premiums
	Due and deferred premiums consist of uncollateralized premiums and agents' balances in the course of collection as well as premiums booked but not yet due.
	Reinsurance
	In the normal course of business, the Company seeks to reduce the overall exposure to losses that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk with other insurance enterprises or reinsurers. The Company uses only quality, financially rated reinsurers and continually monitors the financial ratings of these companies through its brokers. The amount and type of reinsurance purchased each year is based on management's estimate of its probable maximum loss and the conditions within the reinsurance market. The Company continually monitors its risk exposure through the use of the AIR modeling system and other modeling tools provided by its reinsurance brokers. Reinsurance premiums, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums paid for reinsurance are reported as reductions of earned premium income.
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss carryforwards, and liabilities are measured using enacted tax rates expected to be recovered or settled.
	The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  In assessing the realizable value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment.
Uncertain Tax Positions
The Company recognizes uncertain tax positions in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns, and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. At September 30, 2014, the Company's tax years from 2010 through 2013 remain subject to examination.
Estimates
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company's primary areas of estimate are for liabilities for unpaid losses and loss adjustment expenses, deferred policy acquisition costs, deferred tax asset valuation, and reinsurance. Actual results could differ significantly from those estimates.
Fair Value of Cash, Cash Equivalents and Short-term Investments
The carrying value for the Company's cash and cash equivalents and short-term investments approximate fair values as of September 30, 2014 and December 31, 2013 due to their short-term nature. Fair value for securities are based on the framework for measuring fair value established by FASB ASC Topic 820, Fair Value Measurements and Disclosures.
Fair Value Fixed-Maturity Securities held as Available-for-Sale
The Company's fixed-maturity securities held as available-for-sale are carried at fair value as of September 30, 2014. Fair value for securities are based on the framework for measuring fair value established by FASB ASC Topic 820, Fair Value Measurements and Disclosures.
Convertible Notes Payable
The Company accounts for convertible notes payable under FASB ASC Topic 470-20 – Debt with Conversion and Other Options, which requires issuers to assess whether or not an embedded conversion feature is required to be separately accounted for as a derivative liability for liability and equity components and if the conversion feature is beneficial to the holder. See Note 9 on Convertible Notes Payable for additional disclosure.
Stock Based Compensation
The Company accounts for stock-based compensation under the fair value recognition provisions of FASB ASC Topic 718 – Compensation – Stock Compensation, which requires the measurement and recognition of compensation for all stock-based awards made to employees and directors including stock options and restricted stock issuances based on estimated fair values. In accordance with FASB ASC Topic 718, the Company recognizes stock-based compensation, if any, in the consolidated statements of operations on a straight line basis over the vesting period of the stock award.  For those stock awards vesting 100% at the issue date, the Company recognizes stock-based compensation immediately.
Earnings (Loss) Per Share
Basic earnings (loss) per share of common stock is computed by dividing net income or loss, less cumulative preferred stock dividends for the period whether or not earned or paid, by the weighted-average number of common shares during the period.
Diluted earnings (loss) per share of common stock is computed by dividing net income or loss attributable to common stockholders, adjusted for the effect of potentially dilutive securities, by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include convertible notes payable, outstanding convertible preferred stock and common stock options.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2014
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	2.            RECENT ACCOUNTING PRONOUNCEMENTS
	Accounting Standards Update No. 2014-09. On May 28, 2014, the FASB issued Accounting Standards Update No. 2014-09 ("ASU 2014-09"), Revenue from Contracts with Customers, which modifies the guidance for revenue recognition.  While insurance contracts are not within the scope of this updated guidance, the Company's fee income may be subject to this updated guidance.  The Company is in the process of evaluating the new guidance, however, the adoption of this guidance is not expected to have a material effect on the Company's consolidated financial statements. ASU 2014-09 is effective for annual and interim reporting periods beginning after December 15, 2016.
	Accounting Standards Update No. 2014-12. On June 19, 2014, the FASB issued Accounting Standards Update No. 2014-12 ("ASU 2014-12"), Compensation-Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. ASU 2014-12 requires that a performance target that affects the vesting and that can be achieved after the requisite service period be treated as a performance condition.  As of June 30, 2014, the Company has not issued stock options with performance targets under the 2005 Management Incentive Plan or the 2013 Equity Compensation Plan. The adoption of this guidance is not expected to have a material impact on the Company's consolidated financial statements. The effective date of ASU 2014-12 is for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2014
RELATED PARTY TRANSACTIONS [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	3.            RELATED PARTY TRANSACTIONS
	In December 2012, HAHC entered into a Convertible Promissory Note with Inter-Atlantic Fund, L.P. and Phoenix Associates, Inc., (companies controlled by a shareholder and former director, respectively). See Note 9 Convertible Notes Payable for additional disclosure.
	In August 2013, HAHC entered into an agreement or the "Advisory Agreement", with Inter-Atlantic Advisors III, Ltd., or "Inter-Atlantic", under which Inter-Atlantic agrees to perform certain management services for the Company. A number of our directors are among the beneficial owners of Inter-Atlantic.  The Advisory Agreement has an initial term of six years, to be automatically renewed from year-to-year thereafter, unless terminated by either party upon 60 days notice prior to the termination of the initial or any renewal term.  For its services, the Company will pay Inter-Atlantic an annual fee of $300,000, as well as, an annual grant of shares of our common stock with an aggregate fair market value of $150,000 at the time of grant, plus reimburse Inter-Atlantic's expenses incurred in connection with the performance of its service. As long as the Advisory Agreement is in effect and the fees and expense reimbursements are paid, the directors of the Company that are affiliated with Inter-Atlantic have agreed to waive any other compensation for their service as our directors.
	For the three and nine months ended September 30, 2014, the Company incurred an expense of $75,000 and $375,000 (of which $150,000 is represented by the issuance of 288,462 shares of common stock), respectively, for services performed under the Advisory Agreement.
	For the three and nine months ended September 30, 2013, the Company incurred an expense of $50,000, respectively, for services performed under the Advisory Agreement.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2014
INVESTMENTS [Abstract]	'
INVESTMENTS	'
	4.            INVESTMENTS
	Investment income, net of investment expenses totaled $10,647 and $9,339 for the three months ended September 30, 2014 and 2013, respectively.
	Investment income, net of investment expenses totaled $19,888 and $31,684 for the nine months ended September 30, 2014 and 2013, respectively.
	For the three and nine months ended September 30, 2014, there were $4,012 and $9,164, respectively in unrealized gains/(losses) on fixed-maturity securities held as available-for-sale.  There were no realized gains or losses recognized for the three and nine months ended September 30, 2014 and 2013.  The intent is to hold to maturity certificates of deposit carried at amortized cost.
	The following table provides the Company's short-term, restricted and long-term investment holdings by type of financial instruments that were used to estimate the fair value disclosures for financial instruments as of September 30, 2014 and December 31, 2013, respectively:
		30-Sep-14								31-Dec-13
		Book Value				Fair Value /				Book Value				Fair Value /
						Carrying Value								Carrying Value
	Financial Assets:
	Restricted certificates of deposit		$	2,500,000			$	2,500,000			$	785,000			$	785,000
	Restricted money markets			300,000				300,000				215,000				215,000
	Long-term investments			1,470,000				1,470,000				1,960,000				1,960,000
	Short-term investments			3,581,429				3,581,429				4,151,011				4,151,011
	Total		$	7,851,429			$	7,851,429			$	7,111,011			$	7,111,011
		30-Sep-14						31-Dec-13
		Range of Maturities			Interest Rates			Range of Maturities			Interest Rates
	Restricted certificates of deposit		Less than 1 year			0.10% - 0.40%			Less than 1 year			0.10% - 0.25%
	Restricted money markets		Less than 1 year			-			Less than 1 year			-
	Long-term investments		More than 1 year			0.75% - 1.40%			More than 1 year			0.30% - 0.70%
	Short-term investments		Less than 1 year			0.35% - 0.80%			Less than 1 year			0.20% - 1.24%
	The following table provides the Company's fixed-maturity securities classified as available-for-sale which are carried at fair value as of September 30, 2014:
			30-Sep-14
							Gross Unrealized
			Amortized Cost				Gains				Losses				Fair Value
	Fixed Maturities:
	Obligations of states, municipalities and political subdivisions		$	3,163,792			$	11,548			$	(2,301	)		$	3,173,039
	U.S. Treasury- held as restricted			539,518				231				(314	)			539,435
	Total Fixed Maturities		$	3,703,310			$	11,779			$	(2,615	)		$	3,712,474
	The amortized cost and fair value of available-for-sale fixed-maturity securities at September 30, 2014, by contractual maturity, are shown in the following table.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
			30-Sep-14
	Remaining Time to Maturity		Amortized Cost Basis				Fair Value
	Less than one year		$	418,771			$	420,174
	One to five years			1,454,913				1,458,595
	Five to ten years			757,413				757,855
	More than ten years			1,072,213				1,075,850
	Total		$	3,703,310			$	3,712,474
	Other-than-temporary Impairment ("OTTI")
	The Company regularly reviews its individual investment securities for OTTI.  The Company considers various factors in determining whether each individual security is other-than-temporarily-impaired, including:
	·	the financial condition and near-term prospects of the issuer, including any specific events that may affect its operations or earnings;
	·	the length of time and the extent to which the market value of the security has been below its cost or amortized cost;
	·	general market conditions and industry or sector specific factors;
	·	nonpayment by the issuer of its contractually obligated interest and principal payments; and
	·	the Company's intent and ability to hold the investment for a period of time sufficient to allow for the recovery of costs.
	Securities with gross unrealized loss positions at September 30, 2014 were immaterial. The Company believes there were no fundamental issues such as credit losses or other factors with respect to any of its available-for-sale securities.  The unrealized losses on investments in fixed-maturity securities were caused primarily by interest rate changes.  It is expected that the securities would not be settled at a price less than par value of the investments.  Because the declines in fair value are attributable to changes in interest rates or market conditions and not credit quality, and because the Company has the ability and intent to hold its available-for-sale investments until a market price recovery or maturity, the Company does not consider any of its investments to be other-than-temporarily impaired at September 30, 2014.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]	'
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
	5.            FAIR VALUE OF FINANCIAL INSTRUMENTS
	The Company's financial assets carried at fair value have been classified, for disclosure purposes, based on the hierarchy established within FASB ASC 820-10 – Fair Value Measurements and Disclosures. When market prices are not available, fair value is generally estimated utilizing valuation techniques that vary by asset class and incorporate available trade, bid and other market information, when available. The acceptable valuation techniques include (a) market approach, which uses prices or relevant information derived from market transactions for identical or comparable assets or liabilities, (b) the Income Approach, which converts future amounts such as cash flows or earnings to a single present value amount based on current market expectations about those future amounts, and (c) the Cost Approach, which is based on the amount that currently would be required to replace the service capacity of an asset. In certain circumstances, these valuation techniques may involve some level of management estimation and judgment which becomes significant with increasingly complex instruments or pricing models. Where appropriate, adjustments are included to reflect the risk premium inherent in a particular methodology, model or input used.
	The fair value hierarchy is used to prioritize valuation inputs into three levels:
		●	Level 1 - unadjusted quoted prices in active markets for identical assets or liabilities. These inputs are considered to be the most reliable evidence of fair value.
		●	Level 2 – quoted prices for similar assets in active markets, quoted prices from those willing to trade in markets that are not active, or other inputs that are observable or can be corroborated by market data for the term of the investment. Such inputs include market interest rates and volatilities, spreads and yield curves.
		●	Level 3 – termed unobservable inputs which are utilized in situations where there is little or no market activity for the asset or liability at the measurement date. The approach typically involves a significant subjective management judgment toward the pricing of the security.
	The Company's short-term investments comprised of certificates of deposit held at financial institutions which are not measured at fair value on a recurring basis. A portion of the Company's cash and cash equivalents include money market mutual fund accounts held at financial institutions which are measured at fair value on a recurring basis. Fixed-maturity securities held as available-for-sale are carried at fair value in our consolidated financial statements. The following tables provide information as of September 30, 2014 and December 31, 2013, about the Company's financial assets measured at fair value on a recurring basis:
		Fair Value Measurements Using
		Level 1			Level 2			Level 3			Total
	As of September 30, 2014
	Money market mutual funds		$	5,640,249		$	-		$	-		$	5,640,249
	Restricted money market mutual funds			300,000			-			-			300,000
	Securities-available-for-sale fixed-maturity:
	Obligations of states, municipalities and political subdivisions			-			3,173,039			-			3,173,039
	U.S. Treasury			-			539,435			-			539,435
	Total		$	5,940,249		$	3,712,474		$	-		$	9,652,723
		Fair Value Measurements Using
		Level 1			Level 2			Level 3			Total
	As of December 31, 2013
	Money market mutual funds		$	5,903,478		$	-		$	-		$	5,903,478
	Securities-available-for-sale fixed-maturity:
	Obligations of states, municipalities and political subdivisions			-			-			-			-
	U.S. Treasury			-			-			-			-
	Total		$	5,903,478		$	-		$	-		$	5,903,478
	The following methods and assumptions were used to estimate the fair value disclosures for financial instruments:
	Money market mutual funds are valued at the closing price reported by the fund sponsor from an actively traded exchange. As the funds are generally maintained at a net asset value which does not fluctuate, cost approximates fair value. These are included as a Level 1 measurement in the table above. The fair values for available-for-sale fixed-maturity securities are based upon prices provided by an independent pricing service.  The Company has reviewed these prices for reasonableness and has not adjusted any prices received from the independent provider.  Level 2 securities represent assets whose fair value is determined using observable market information such as previous day trade prices, quotes from less active markets or quoted prices of securities with similar characteristics.  There were no transfers between Level 1 and Level 2 during the nine months ended September 30, 2014.

PROPERTY_EQUIPMENT_AND_SOFTWAR

PROPERTY, EQUIPMENT, AND SOFTWARE NET	9 Months Ended
	Sep. 30, 2014
PROPERTY, EQUIPMENT, AND SOFTWARE NET [Abstract]	'
PROPERTY, EQUIPMENT, AND SOFTWARE NET	'
	6.            PROPERTY, EQUIPMENT, AND SOFTWARE NET
	Property, equipment, and software net consist of the following as of September 30, 2014 and December 31, 2013, respectively:
		30-Sep-14			31-Dec-13			Useful Life
	Computer equipment	$	231,860		$	222,225		3 years
	Office equipment		17,409			13,999		5 years
	Furniture and fixtures		142,450			106,524		5 years
	Software installation and development		901,216			750,200		3 years
	Total, at cost		1,292,935			1,092,948
	Less accumulated depreciation and amortization		(937,591	)		(848,432	)
	Property and equipment, net	$	355,344		$	244,516
	Depreciation and amortization expense for property, equipment and software totaled $35,187 and $22,769 for the three months ended September 30, 2014 and 2013, respectively.
	Depreciation and amortization expense for property, equipment and software totaled $89,159 and $63,573 for the nine months ended September 30, 2014 and 2013, respectively.

DEFERRED_POLICY_ACQUISITION_CO

DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS	9 Months Ended
	Sep. 30, 2014
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS [Abstract]	'
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS	'
	7.            DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS
	Total capitalized deferred policy acquisition costs as of September 30, 2014 and September 30, 2013, comprised of commissions, premium taxes and costs associated with underwriting and issuing policies were $7,768,160 and $6,149,835, respectively.
	Changes in deferred policy acquisition costs for the three and nine months ended September 30, 2014 and September 30, 2013, are as follows:
		Three Months Ended						Nine Months Ended
		30-Sep-14			30-Sep-13			30-Sep-14			30-Sep-13
	Deferred policy acquisition charges, beginning of the period	$	6,977,702		$	5,570,771		$	6,214,334		$	5,274,515
	Capitalized costs		4,107,806			3,112,886			10,766,212			8,211,996
	Amortized costs		(3,317,348	)		(2,533,822	)		(9,212,386	)		(7,336,676	)
	Deferred policy acquisition charges, end of the period	$	7,768,160		$	6,149,835		$	7,768,160		$	6,149,835
	Deferred ceding commissions, which represent acquisition costs associated with insurance risk ceded to other reinsurance partners, as of September 30, 2014 and September 30, 2013 were $0 and $1,493, respectively.  The decrease of $1,493 is due to a change in quota share reinsurance settlement procedures, from what was previously on a collected premium basis to what is currently on a written premium basis.
	Changes in deferred ceding commissions for the three and nine months ended September 30, 2014 and September 30, 2013 are as follows:
		Three Months Ended						Nine Months Ended
		30-Sep-14			30-Sep-13			30-Sep-14			30-Sep-13
	Deferred ceding commission, beginning of the period	$	-		$	1,493		$	-		$	683,914
	Capitalized commissions		-			4,246,185			-			11,205,306
	Amortized commissions		-			(4,246,185	)		-			(11,887,727	)
	Deferred ceding commission, end of the period	$	-		$	1,493		$	-		$	1,493

UNPAID_LOSSES_AND_LOSS_ADJUSTM

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES	9 Months Ended
	Sep. 30, 2014
UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES [Abstract]	'
UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES	'
	8.            UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES
	Losses and loss adjustment expenses (LAE), less related reinsurance and deductibles, are charged to operations as incurred. Unpaid losses and LAE are based on claims adjusters' estimates of the cost of settlement plus an estimate for losses IBNR based upon historical experience, industry loss experience, and management's estimates.  Loss reserves reflect Company management's best estimate of the total cost of (i) claims that have been incurred but not yet paid, and (ii) claims that have been incurred, but not yet reported (IBNR).  Loss reserves that are established by Company management are not an exact calculation of our liability, but rather loss reserves represent management's best estimate for our Company's liability based on the application of actuarial techniques and other projection methodology, taking into consideration other facts and circumstances known as of the balance sheet date.  The process of setting reserves is complex and necessarily imprecise. The impact of both internal and external variables on ultimate loss and LAE costs is difficult to estimate.  To arrive as its best estimate for losses, the Company uses damage estimating software developed and owned by acknowledged industry leader, Insurance Service Office.  Reserves factors for IBNR are reviewed quarterly by an independent actuarial consultant.  In addition, our appointed independent actuary attests to the adequacy of our unpaid claim reserve, including IBNR at calendar year end.
	Losses and Loss Adjustment Expenses
	The following table provides the reconciliation of the beginning and ending reserve balances for losses and LAE, gross of reinsurance for the three and nine months ended September 30, 2014 and for September 30, 2013:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Reserve for losses and LAE, beginning of period	$	21,873,167		$	15,019,644		$	15,884,062		$	11,641,296
	Reinsurance recoverables on losses and LAE		(21,025,809	)		(13,943,102	)		(15,090,175	)		(10,618,032	)
	Reserve for losses and LAE, net of reinsurance recoverables at beginning of year		847,358			1,076,542			793,887			1,023,264
	Add provision for claims and LAE occurring in:
	Current year		157,986			437,080			1,293,220			1,958,627
	Prior years		396,500			110,000			697,405			9,000
	Net incurred losses and LAE during the current period		554,486			547,080			1,990,625			1,967,627
	Deduct payments for claims and LAE occurring in:
	Current year		419,573			569,658			1,432,689			1,430,927
	Prior years		144,171			13,000			513,723			519,000
	Net claim and LAE payments during the current period		563,744			582,658			1,946,412			1,949,927
	Reserve for losses and LAE, net of reinsurance recoverables, at end of period		838,100			1,040,964			838,100			1,040,964
	Reinsurance recoverables on losses and LAE		16,899,909			14,559,112			16,899,909			14,559,112
	Reserve for losses and LAE, end of period	$	17,738,009		$	15,600,076		$	17,738,009		$	15,600,076
	As a result of additional information on claims occurring in prior years becoming available to management, changes in estimates of provisions of claims and claim adjustment expenses were made resulting in an increase of $396,500 and $110,000 for the three months ended September 30, 2014 and 2013, respectively.
	The changes in estimates of provisions of claims and claim adjustment expenses for the nine months ended September 30, 2014 and 2013 resulted in an increase of $697,405 and $9,000, respectively.

CONVERTIBLE_NOTES_PAYABLE

CONVERTIBLE NOTES PAYABLE	9 Months Ended
	Sep. 30, 2014
CONVERTIBLE NOTES PAYABLE [Abstract]	'
CONVERTIBLE NOTES PAYABLE	'
	9.            CONVERTIBLE NOTES PAYABLE
	As of December 31, 2013, the Convertible Promissory Note agreements with Inter-Atlantic Fund, L.P. and Phoenix Associates, Inc. (companies controlled by a shareholder and former director, respectively) in the amounts of $950,000 and $50,000, respectively, with an interest rate equal to 10% per annum (accelerating to 12.5% per annum in the event of default) were converted into 2,306,152 and 124,988 common shares, respectively.
	During the three months ended September 30, 2013, interest expense on these notes totaled $17,397.
	During the nine months ended September 30, 2013, interest expense on these notes totaled $68,630.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2014
STOCKHOLDERS' EQUITY [Abstract]	'
STOCKHOLDERS' EQUITY	'
	10.            STOCKHOLDERS' EQUITY
	Preferred Stock
	As of September 30, 2014 and December 31, 2013, the Company has 20,500,000 shares of preferred stock, convertible, 12.50% cumulative, $0.0001 par value per share, authorized and none issued and outstanding.
	Common Stock
	As of September 30, 2014, the Company has 40,000,000 shares authorized and 17,479,852 shares issued and 16,168,852 shares outstanding of $0.0001 par value common stock. Holders of common stock are entitled to one (1) vote for each share of common stock held at all meetings of stockholders, unless restricted by the Company's Amended and Restated Certificate of Incorporation.
	On April 15, 2014, the Company issued 39,000 shares by way of common stock held in Treasury at $0.52 per share under the Company's 2013 Equity Compensation Plan as a stock award to certain employees of the Company.
	On February 1, 2014, the Company issued 288,462 shares of common stock at $0.52 per share, to Inter-Atlantic Management Inc.  Per the terms of the Advisory Agreement dated August 1, 2013, Inter-Atlantic Management Inc. will be issued annually on February 1st, a grant of the Company's common stock which in aggregate had a fair market value of $150,000 at the time of the grant.
	As of December 31, 2013, the Company has 40,000,000 shares of authorized and 17,181,140 shares issued and 15,831,140 shares outstanding of $0.0001 par value common stock.  Holders of common stock are entitled to one (1) vote for each share of common stock held at all meetings of stockholders, unless restricted by the Company's Amended and Restated Certificate of Incorporation.
	There were no common stock warrants issued during the three and nine months ended September 30, 2014 and September 30, 2013.

EARNINGS_LOSS_PER_SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2014
EARNINGS (LOSS) PER SHARE [Abstract]	'
EARNINGS (LOSS) PER SHARE	'
	11.  EARNINGS (LOSS) PER SHARE
	The following table represents the reconciliation of the Company's basic earnings per common share and diluted earnings per common share computations reported on the Consolidated Statements of Operations for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
	Basic earnings per common share
	Net income	$	996,590	$	660,919		$	1,957,671	$	1,184,091
	Cumulative dividend		-		(255,215	)		-		(974,179	)
	Adjusted net income	$	996,590	$	405,704		$	1,957,671	$	209,912
	Weighted average common shares outstanding		16,162,352		6,735,384			16,112,634		3,745,128
	Basic earnings per common share	$	0.06	$	0.06		$	0.12	$	0.06
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
			2014		2013			2014		2013
	Diluted earnings per common share
	Net income	$	996,590	$	660,919		$	1,957,671	$	1,184,091
	Add interest expense on convertible promissory notes		-		11,482			-		-
	Adjusted net income	$	996,590	$	672,401		$	1,957,671	$	1,184,091
	Weighted average common shares outstanding		16,162,352		16,728,462			16,112,634		3,745,128
	Effect of diluted securities:
	Stock options		942,250		702,500			942,250		-
	Diluted common shares outstanding		17,104,602		17,430,962			17,054,884		3,745,128
	Diluted earnings per common share	$	0.06	$	0.04		$	0.11	$	0.06
	For the nine months ended September 30, 2013, all of the Company's potentially dilutive securities and interest expense on convertible promissory notes of $44,211 were excluded from the computation of diluted earnings per share as they were anti-dilutive. The total number of potentially dilutive shares of common stock that were excluded totaled 13,985,834.

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
STOCK BASED COMPENSATION [Abstract]	'
STOCK BASED COMPENSATION	'
	12.            STOCK BASED COMPENSATION
	The Company accounts for stock-based compensation under the fair value recognition provision of FASB ASC Topic 718 – Compensation – Stock Compensation.
	Incentive Plans
	The Company's 2005 Management Incentive Plan (the "2005 Plan") provides for granting of stock options to enable the Company to obtain and retain the services of selected persons, both employees and directors, considered to be essential to the long-range success of the Company.  Under the 2005 Plan, options may be granted to purchase a total not to exceed 789,475 shares of common stock in the aggregate, made up of original issue shares, treasury shares or a combination of the two.  At September 30, 2014 and 2013, options to purchase 783,750 shares of common stock have been granted under the 2005 Plan.
	The Company's 2013 Equity Compensation Plan (the "2013 Plan") provides for granting of stock options, incentive stock options, stock awards, and restricted stock units to enable the Company to obtain and retain the services of selected persons, both employees and directors, considered to be essential to the long-range success of the Company. Under the 2013 Plan, options may be granted to purchase a total not to exceed 2,925,000 shares of common stock, made up of original issue shares, treasury shares or a combination of the two. At September 30, 2014, options to purchase 1,965,000 shares of common stock and 39,000 shares of common stock in the form of a stock award have been granted under the 2013 Plan.
	A summary of the activity of the Company's stock option plan for the three and nine months ended September 30, 2014 and September 30, 2013 is as follows:
			Number of Options				Weighted Avg Exercise Price				Weighted Avg Remaining Cont. Term				Aggregate Intrinsic Value (in thousands)
	Outstanding at December 31, 2013			2,708,750			$	0.58				8.41			$	4
	Outstanding at March 31, 2014			2,708,750			$	0.58				8.16			$	21
	Outstanding at June 30, 2014			2,708,750			$	0.58				7.91			$	22
	Outstanding at September 30, 2014			2,738,500			$	0.59				7.57			$	21
	Exercisable at September 30, 2014			942,250			$	0.73				5.14			$	5
	Outstanding at December 31, 2012			783,750			$	0.78				5.91			$	-
	Outstanding at March 31, 2013			783,750			$	0.78				5.66			$	-
	Outstanding at June 30, 2013			783,750			$	0.78				5.41			$	-
	Outstanding at September 30, 2013			783,750			$	0.78				5.16			$	-
	Exercisable at September 30, 2013			702,500			$	0.8				4.9			$	-
	During the three and nine months ended September 30, 2014, the Company granted 40,000 stock options.  The Company did not grant any stock options during the three and nine months ended September 30, 2013. The fair value of the stock options granted during the three and nine months ended September 30, 2014 was $0.0165.
	The Company records stock-based compensation expense related to granting stock options in general and administrative expenses. The Company recognized compensation expense as follows for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2014				2013				2014				2013
	Total gross compensation expense		$	8,719			$	-			$	52,887			$	-
	Total tax benefit associated with compensation expense			(172	)			-				(7,507	)			-
	Total net compensation expense		$	8,547			$	-			$	45,380			$	-
	As of September 30, 2014, the Company expects to record compensation expense in the future as follows:
			Three				Year ending December 31,
			months
			ending
			31-Dec-14				2015				2016				2017			2018			2019
	Total gross unrecognized compensation expense		$	8,736			$	34,944			$	34,944			$	34,944		$	28,365		$	81
	Tax benefit associated with unrecognized compensation expense			(172	)			(686	)			(686	)			(686	)		(556	)		-
	Total net unrecognized compensation expense		$	8,564			$	34,258			$	34,258			$	34,258		$	27,809		$	81

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2014
INCOME TAXES [Abstract]	'
INCOME TAXES	'
	13.            INCOME TAXES
	During the three and nine months ended September 30, 2014, the Company recorded $530,513 and $1,052,687 respectively, of income tax expense which resulted in estimated annual effective tax rate of 34.22% and 34.25%.  The effective tax rate was primarily impacted as a result of permanent tax differences on meals and entertainment and stock-based compensation.
	During the three and nine months ended September 30, 2013, the Company recorded $315,929 and $608,254 respectively, of income tax expense which resulted in estimated annual effective tax rate of 32.3% and 33.9%. The effective tax rate was primarily impacted as a result of permanent tax differences on meals and entertainment.
	The Company's federal income tax return is consolidated with HAIC and MGA. Allocation of tax expense or refunds among the consolidated group is based on separate return calculations.

REINSURANCE

REINSURANCE	9 Months Ended
	Sep. 30, 2014
REINSURANCE [Abstract]	'
REINSURANCE	'
	14.            REINSURANCE
	Certain premiums and benefits are ceded to other insurance companies under various reinsurance agreements. The reinsurance agreements provide HAIC with increased capacity to write larger risks and maintain its exposure to loss within its capital resources. Ceded reinsurance contracts do not relieve HAIC from its obligations to policyholders. HAIC remains liable to its policyholders for the portion reinsured to the extent that any reinsurer does not meet the obligations assumed under the reinsurance agreements. To minimize its exposure to significant losses from reinsurer insolvencies, HAIC evaluates the financial condition of its reinsurers and monitors concentrations of credit risk arising from similar geographic regions, activities, or economic characteristics of the reinsurers.
	Commencing April 1, 2014 and ending March 31, 2015, the Company reinsured its property and casualty risk under quota share reinsurance treaties with third party reinsurers.  The treaties cover 80% of its risk under property coverage on any one loss occurrence not to exceed $110,000,000; 10% of its risk under property coverage on any one loss occurrence not to exceed $4,000,000 and approximately 64% of its risk under casualty coverages.
	Property catastrophe treaties, which went into effect on the same day and having the same term as the quota share treaties, develop over four layers and 20% of our risk on property coverage on a gross loss of $110,000,000 excess of $4,000,000 per occurrence. The Company's net retention is $400,000 per loss occurrence.
	Commencing August 1, 2014 and ending November 30, 2014, the Company purchased a fifth layer of property catastrophe reinsurance with third party reinsurers to cover its potential maximum loss during the 2014 hurricane season.  The layer will extend the Company's coverage to $140,000,000, excess of $4,000,000 of ultimate net loss arising out of each loss occurrence.  The Company's net retention on each loss occurrence remains at $400,000.
	For the 12 month period commencing April 1, 2013 and ending March 31, 2014, the Company reinsured with various third party reinsurers under residential quota share reinsurance treaties, 90% of its risk. The reinsurers' liability under the quota share arrangement beginning in respect to any one loss occurrence shall not exceed $80,000,000. Property catastrophe treaties, which went into effect on the same day and have the same term as the quota share treaties, develop over four layers and cover a gross loss of $76,000,000 excess of $4,000,000 per occurrence. The Company's net retention is $400,000 per occurrence.
	The Company also purchases reinsurance covering non-weather losses (two occurrences) in excess of a gross loss of $500,000 per occurrence for all coverage lines (a net loss of $50,000). This coverage which was in force during 2014 and 2013 has been obtained principally to protect the Company in the event of a large fire loss.
	The effects of reinsurance on premiums written and earned were as follows, for the three and nine months ended September 30, 2014 and September 30, 2013:
		Three Months Ended								Three Months Ended
		30-Sep-14								30-Sep-13
		Written				Earned				Written				Earned
	Direct premiums		$	21,057,409			$	16,893,086			$	16,398,118			$	13,643,436
	Ceded premiums			(18,648,417	)			(16,046,107	)			(14,641,816	)			(12,390,289	)
	Net Premiums		$	2,408,992			$	846,979			$	1,756,302			$	1,253,147
		Nine Months Ended								Nine Months Ended
		30-Sep-14								30-Sep-13
		Written				Earned				Written				Earned
	Direct premiums		$	54,973,994			$	46,933,714			$	43,370,380			$	39,037,947
	Ceded premiums			(48,567,557	)			(43,539,301	)			(38,659,828	)			(35,494,253	)
	Net Premiums		$	6,406,437			$	3,394,413			$	4,710,552			$	3,543,694
	Following is a summary of HAIC's reinsurance balances under the above described reinsurance treaties as of and for the three and nine months ended September 30, 2014 and December 31, 2013:
			30-Sep-14				31-Dec-13
	Ceded premiums payable		$	8,812,245			$	3,271,858
	Ceded loss and loss adjustment expense reserve		$	16,899,909			$	15,090,175
	Ceded unearned premium reserve		$	34,836,484			$	27,924,037
		Three Months Ended								Nine Months Ended
		30-Sep-14				30-Sep-13				30-Sep-14				30-Sep-13
	Ceded loss adjustment expenses		$	746,877			$	1,125,971			$	3,394,533			$	3,560,184
	Ceded earned premiums		$	16,046,107			$	12,390,289			$	43,539,301			$	35,494,253

CONCENTRATION_OF_CREDIT_RISK

CONCENTRATION OF CREDIT RISK	9 Months Ended
	Sep. 30, 2014
CONCENTRATION OF CREDIT RISK [Abstract]	'
CONCENTRATION OF CREDIT RISK	'
	15.            CONCENTRATION OF CREDIT RISK
	The Company has exposure and remains liable in the event of an insolvency of one of its primary reinsurers. Management and its reinsurance intermediary regularly assess the credit quality and ratings of its reinsurer base companies.
	Financial instruments which potentially subject the Company to credit risk consist principally of cash and money market accounts on deposit with financial institutions, money market funds, certificates of deposit and premium balance in the course of collection.  At times, the Company's bank deposits may exceed the FDIC limit.
	The concentration of credit risk with respect to premium balances in the course of collection is limited, due to the large number of insureds comprising the Company's customer base. However, substantially all of the Company's revenues are derived from customers in Texas, which could be adversely affected by economic conditions, an increase in competition, or other environmental changes.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	16.            COMMITMENTS AND CONTINGENCIES
	Operating Leases
	The Company leases its corporate office space and certain office equipment under non-cancelable operating leases which expire at various dates through 2019. Future minimum lease payments required under the non-cancelable operating leases are as follows for the years ending December 31:
	2014        (3 months)	$	41,712
	2015		166,848
	2016		174,709
	2017		91,284
	2018		22,188
	2019		12,519
		$	509,260
	Lease expense under such leases for the three months ended September 30, 2014 and September 30, 2013 was $47,776 and $33,961, respectively.
	Lease expense under such leases for the nine months ended September 30, 2014 and September 30, 2013 was $125,341 and $100,396, respectively.
	Litigation
	The Company is the defendant in routine litigation involving matters that are incidental to the claims aspect of the Company's business for which estimated losses are included in unpaid loss and loss adjustment expense reserves in the Company's consolidated financial statements. It is management's opinion that these lawsuits are not material individually or in the aggregate to the Company's financial position, results of operations, or cash flow.

REGULATORY_REQUIREMENTS_AND_RE

REGULATORY REQUIREMENTS AND RESTRICTIONS	9 Months Ended
	Sep. 30, 2014
REGULATORY REQUIREMENTS AND RESTRICTIONS [Abstract]	'
REGULATORY REQUIREMENTS AND RESTRICTIONS	'
	17.            REGULATORY REQUIREMENTS AND RESTRICTIONS
	HAIC is subject to the laws and regulations of the State of Texas and the regulations of any other states in which HAIC conducts business. State regulations cover all aspects of HAIC's business and are generally designed to protect the interests of insurance policyholders, as opposed to the interests of stockholders. The Texas Insurance Code requires all property and casualty insurers to have a minimum of $2.5 million in capital stock and $2.5 million in surplus.
	As of December 31, 2013, HAIC's total statutory surplus was $8,963,573 (capital stock of $2,500,000 and surplus of $6,463,573).
	As of September 30, 2014, HAIC's total statutory surplus was $12,118,313 (capital stock of $3,000,000 and surplus of $9,118,313).
	As of September 30, 2014 and December 31, 2013, HAIC had restricted cash and investments totaling $3.3 million and $1.0 million, respectively, pledged to the Departments of Insurance in certain states as a condition of its Certificate of Authority for the purpose of meeting obligations to policyholders and creditors. See Note 1 Organization and Summary of Significant Accounting Policies, Investments for additional disclosure.
	The Texas Insurance Code limits dividends from insurance companies to their stockholders to net income accumulated in the Company's surplus account, or "earned surplus".
	The maximum dividend that may be paid without approval of the Insurance Commissioner is limited to the greater of 10% of the statutory surplus at the end of the preceding calendar year or the statutory net income of the preceding calendar year. No dividends were paid by HAIC in 2014 or 2013.
	HAIC prepares its statutory-based financial statements in conformity with accounting practices prescribed or permitted by the Texas Department of Insurance. Prescribed statutory accounting practices primarily include those published as statements of SAP by the NAIC, as well as state laws, regulations and general administrative rules. Permitted statutory accounting practices encompass all accounting practice not so prescribed. As of September 30, 2014 and December 31, 2013, there were no material permitted statutory accounting practice utilized by HAIC.

ORGANIZATION_AND_SUMMARY_OF_SI1

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
Principles of consolidation	'
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of Homeowners of America Holding Corporation and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). Certain reclassifications of prior year amounts have been made to conform to the current year presentation.
Restatement of Prior Year Amounts	'
	Restatement of Prior Year Amounts
	In conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 31, 2014, we restated the unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2013.  These restatements resulted in money market mutual fund accounts held at financial institutions which were previously classified as short-term investments to be now classified as cash and cash equivalents. In addition, checks issued in excess of cash book balances, not yet presented for payment, which were previously classified as cash and cash equivalents are now classified as general and other accrued expenses payable.
		Nine Months Ended
		30-Sep-13
		As			Adjustment		As Restated
		Previously
		Reported
	Consolidated Statements of Cash Flows:
	Cash flows from operating activities
	General and other accrued expenses	$	52,117		$	1,786,733	$	1,838,850
	Net cash used in operating activities		(2,813,808	)		1,786,733		(1,027,075	)
	Cash flows from investing activities
	Purchases of short term investments		(5,932,051	)		4,491,856		(1,440,195	)
	Net cash used in investing activities		(5,372,355	)		4,491,856		(880,499	)
	Net decrease in cash and cash equivalents		(8,191,563	)		6,278,589		(1,912,974	)
	Cash and cash equivalents, beginning of period		10,194,375			-		10,194,375
	Cash and cash equivalents, end of period	$	2,002,812		$	6,278,589	$	8,281,401
Cash and cash equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents include cash and highly liquid short-term investments, with original maturities of three months or less. The amount is carried at cost, which approximates fair value. At September 30, 2014 and December 31, 2013, cash and cash equivalents consist of cash on deposit with financial institutions, as well as money market mutual funds.
	General and other accrued expenses payable as of September 30, 2014 and December 31, 2013, include $4.7 million and $1.2 million, respectively, of checks issued in excess of cash book balances, not yet presented for payment.
Investments	'
	Investments
	The Company's investments are comprised of short-term, restricted, and long-term investments and fixed-maturity securities classified as available-for-sale as of September 30, 2014 and short-term, restricted, and long-term investments as of December 31, 2013. Restricted investments and long-term investments are described below. Short-term investments include certificates of deposit with original maturities greater than three months and maturities of one year or less. Due to the short-term nature of these investments, significant changes in prevailing interest rates and economic conditions should not adversely affect the timing and amount of cash flows on such investments or their related values. Accordingly, certificates of deposit are carried at cost, which approximates fair value. Fixed-maturity securities are classified as available-for-sale when it is not management's intent to make profits by buying and selling the securities within a short period of time or when it is not management's intent to hold the securities to maturity.  Fixed-maturity securities classified as available-for-sale are carried at fair value. The unrealized holding gains and losses, net of applicable deferred income taxes, are shown as a separate component of stockholders' equity as a part of accumulated other comprehensive income (loss) and, as such, are not included in the determination of net income (loss).
	As of September 30, 2014 and December 31, 2013, the Company has pledged to the Department of Insurance in certain states as a condition of its Certificate of Authority for the purpose of meeting obligations to policyholders and creditors $3.3 million and $1.0 million, respectively. Restricted assets are shown separately in the accompanying consolidated balance sheets as "Restricted cash and investments" and include money market accounts and certificates of deposits. "Restricted fixed-maturity securities, classified as available-for-sale" are shown separately in the accompanying consolidated balance sheets and recorded at fair value. With the approval of the Departments of Insurance, the Company may exchange the investments with other funds or investments. In respect to certificates of deposit, management intends to hold the portion of these restricted investments to their maturity. As such, these restricted certificates of deposit are carried at cost, which approximates fair value. Interest earned on these investments inures to the benefit of the Company.
	The following table provides the Company's restricted cash and investments as of September 30, 2014 and December 31, 2013.
	Restricted cash and investments	30-Sep-14			31-Dec-13
	Money Market	$	300,000		$	215,000
	Certificates of Deposit		2,500,000			785,000
	US Treasury Bond		539,435			-
		$	3,339,435		$	1,000,000
	As of September 30, 2014 and December 31, 2013, the Company's investments also included certificates of deposit that mature more than one year after the balance sheet date and are reflected on the consolidated balance sheets as Long-term investments. Based on management's intent to hold to maturity, this investment is carried at cost. Cost approximates fair value based on the rates currently offered for deposits of similar remaining maturities.
	The Company's investments in certificates of deposits and money market accounts do not qualify as securities as defined in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 320, Investment – Debt and Equity Securities. Accordingly, the fair value disclosures required by FASB ASC Topic 820, Fair Value Measurements and Disclosures are not provided. The Company's fixed-maturity securities classified as available-for-sale are "marked to market" as of the end of each calendar quarter.  As of that date, unrealized gains and losses are recorded to Accumulated Other Comprehensive Income, except where such securities are deemed to be other-than-temporarily impaired. Where applicable, the Company assesses investments of an issuer currently carrying a net unrealized loss. If in management's judgment, the decline in value is other than temporary, the cost of the investment is written down to fair value with a corresponding charge to earnings. Factors considered in determining whether an impairment exists include financial condition, business prospects and creditworthiness of the issuer, the length of time and magnitude that the asset value has been less than cost, and the ability and intent to hold such investments until the fair value recovers.
Comprehensive Income	'
	Comprehensive Income
	FASB ASC Topic 220 - Comprehensive Income, requires that recognized revenues, expenses, gains and losses be included in net income (loss). Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, are reported as a separate component of the equity section of the consolidated balance sheet, these items, along with net income (loss), are components of comprehensive income. The Company characterizes their fixed income portfolio as available-for-sale securities when it is not management's intent to make profits by buying and selling the securities within a short period of time or when it is not management's intent to hold the securities to maturity, with appropriate adjustments to other comprehensive income. For the three and nine months ended September 30, 2014, the Company recorded $4,012 and $9,164, respectively of unrealized gains on available-for-sale securities in other comprehensive income.  There were no qualifying items reported in other comprehensive income for the three and nine months ended September 30, 2013.
Recognition of Premium Revenues	'
	Recognition of Premium Revenues
	Premiums are recognized as revenue on a daily pro rata basis over the policy term. The portion of premiums related to the unexpired term of policies in force as of the end of the measurement period and to be earned over the remaining term of those polices, is deferred and reported as unearned premiums.
Ceding Commission and Reinsurance Profit Share	'
	Ceding Commissions and Reinsurance Profit Share
	Ceding commissions represent acquisition costs associated with insurance risk ceded to reinsurers and is earned on a pro-rata basis over the life of the associated policy. Reinsurance profit share is additional ceding commissions payable to the Company based upon attaining specified loss ratios within individual treaty years.  Reinsurance profit share income is recognized when earned, which includes adjustments to earned reinsurance profit share based on changes in incurred losses.
Policy Fees	'
	Policy Fees
	Policy fee income includes application fees which are intended to reimburse the Company for a portion of the costs incurred in establishing the insurance. Policy fees on policies where premium is traditionally paid in full upon inception of the policy are recognized when written, while fees charged on policies where premiums are paid in installments, are recognized when collected.
Loss Adjustment and Other Fee Income	'
	Loss Adjustment and Other Fee Income
	Loss adjustment and other fee income is recognized as income when collected. There is no amount over 5% of total revenue within this classification on the consolidated statements of operations for the three months ended September 30, 2014 and 2013 and for the nine months ended September 30, 2014. Loss adjustment fee income for the nine months ended September 30, 2013 was in excess of 5%, of total revenue within this classification on the consolidated statements of operations.
Property, Equipment and Software	'
	Property, Equipment and Software
	Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets, which range from three to five years. The cost and related accumulated depreciation of assets sold or disposed are removed from the accounts and the resulting gain or loss is included in the consolidated statements of operations. Maintenance and repairs are expensed as incurred.
	Software installation and development is stated at cost, net of accumulated amortization. Amortization is calculated on a straight-line basis method over three years.
Impairment of Long-Lived Assets	'
	Impairment of Long-Lived Assets
	Long-lived assets, such as property, equipment and software, are reviewed for impairment whenever business events or circumstances could lead to or indicate that the value of the asset may not be recoverable. The assessment of possible impairment is based on whether the carrying amount of the assets exceeds its fair value. The Company uses estimates of undiscounted future cash flows in determining the recoverability of long-lived assets. As of September 30, 2014 and December 31, 2013, no impairment has been recorded.
Deferred Policy and Acquisition Costs	'
	Deferred Policy and Acquisition Costs
	Deferred policy acquisitions costs ("DAC") as of September 30, 2014 and December 31, 2013, consist of commissions, premium taxes and policy underwriting and production expenses which are incurred through and vary directly with, the level of production of new and renewal insurance business and are amortized over the terms of the policies they relate to. The method used in calculating DAC limits the amount of the deferred cost to their estimated realizable value, which gives effect to allocating their expense along with other period costs associated with the insurance business, in relation to the amount of gross premium earned on policies to which they relate and investment income. DAC is reviewed to determine if it is recoverable from future income, including investment income. The amount of DAC considered recoverable could be reduced in the near term if estimates of future premium income from their related lines of insurance are revised.
Reserve for Losses and Loss Adjustment Expenses	'
	Reserve for Losses and Loss Adjustment Expenses
	The liability for losses and loss adjustment expenses ("LAE") are estimates of the amounts required to cover known incurred losses and LAE, developed through the review and assessment of loss reports, along with the development of known claims. In addition, loss and loss adjustment expense reserves include management's estimate of an amount for losses incurred but not reported ("IBNR"), determined from reviewing overall loss reporting patterns as well as the loss development cycles of individual claim cases. Such liabilities are necessarily based on estimates and while management believes that the amount is adequate, the ultimate liability may be more or less than the amounts provided. The approach and methods for making such estimates and for establishing the resulting liability are continually reviewed and any adjustments are reflected in current earnings.
Due and Deferred Premiums	'
	Due and Deferred Premiums
	Due and deferred premiums consist of uncollateralized premiums and agents' balances in the course of collection as well as premiums booked but not yet due.
Reinsurance	'
	Reinsurance
	In the normal course of business, the Company seeks to reduce the overall exposure to losses that may arise from catastrophes or other events that cause unfavorable underwriting results by reinsuring certain levels of risk with other insurance enterprises or reinsurers. The Company uses only quality, financially rated reinsurers and continually monitors the financial ratings of these companies through its brokers. The amount and type of reinsurance purchased each year is based on management's estimate of its probable maximum loss and the conditions within the reinsurance market. The Company continually monitors its risk exposure through the use of the AIR modeling system and other modeling tools provided by its reinsurance brokers. Reinsurance premiums, expense reimbursements, and reserves related to reinsured business are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums paid for reinsurance are reported as reductions of earned premium income.
Income Taxes	'
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss carryforwards, and liabilities are measured using enacted tax rates expected to be recovered or settled.
	The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  In assessing the realizable value of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment.
Uncertain Tax Positions	'
	Uncertain Tax Positions
	The Company recognizes uncertain tax positions in the consolidated financial statements when it is more-likely-than-not the position will be sustained upon examination by the tax authorities. Such tax positions are initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company believes that it has appropriate support for the income tax positions taken and to be taken on its tax returns, and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. At September 30, 2014, the Company's tax years from 2010 through 2013 remain subject to examination.
Estimates	'
	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company's primary areas of estimate are for liabilities for unpaid losses and loss adjustment expenses, deferred policy acquisition costs, deferred tax asset valuation, and reinsurance. Actual results could differ significantly from those estimates.
Fair Value Cash, Cash Equivalents and Short-term Investments	'
	Fair Value of Cash, Cash Equivalents and Short-term Investments
	The carrying value for the Company's cash and cash equivalents and short-term investments approximate fair values as of September 30, 2014 and December 31, 2013 due to their short-term nature. Fair value for securities are based on the framework for measuring fair value established by FASB ASC Topic 820, Fair Value Measurements and Disclosures.
Fair Value of Fixed-Maturity Securities held as Available-for-Sale	'
	Fair Value Fixed-Maturity Securities held as Available-for-Sale
	The Company's fixed-maturity securities held as available-for-sale are carried at fair value as of September 30, 2014. Fair value for securities are based on the framework for measuring fair value established by FASB ASC Topic 820, Fair Value Measurements and Disclosures.
Convertible Notes Payable	'
	Convertible Notes Payable
	The Company accounts for convertible notes payable under FASB ASC Topic 470-20 – Debt with Conversion and Other Options, which requires issuers to assess whether or not an embedded conversion feature is required to be separately accounted for as a derivative liability for liability and equity components and if the conversion feature is beneficial to the holder. See Note 9 on Convertible Notes Payable for additional disclosure.
Stock Based Compensation	'
	Stock Based Compensation
	The Company accounts for stock-based compensation under the fair value recognition provisions of FASB ASC Topic 718 – Compensation – Stock Compensation, which requires the measurement and recognition of compensation for all stock-based awards made to employees and directors including stock options and restricted stock issuances based on estimated fair values. In accordance with FASB ASC Topic 718, the Company recognizes stock-based compensation, if any, in the consolidated statements of operations on a straight line basis over the vesting period of the stock award.  For those stock awards vesting 100% at the issue date, the Company recognizes stock-based compensation immediately.
Earnings (Loss) Per Share	'
	Earnings (Loss) Per Share
	Basic earnings (loss) per share of common stock is computed by dividing net income or loss, less cumulative preferred stock dividends for the period whether or not earned or paid, by the weighted-average number of common shares during the period.
	Diluted earnings (loss) per share of common stock is computed by dividing net income or loss attributable to common stockholders, adjusted for the effect of potentially dilutive securities, by the weighted-average number of shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include convertible notes payable, outstanding convertible preferred stock and common stock options.

ORGANIZATION_AND_SUMMARY_OF_SI2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2014
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
Restatement of prior year amounts	'
	In conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013 filed with the Securities and Exchange Commission on March 31, 2014, we restated the unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2013.  These restatements resulted in money market mutual fund accounts held at financial institutions which were previously classified as short-term investments to be now classified as cash and cash equivalents. In addition, checks issued in excess of cash book balances, not yet presented for payment, which were previously classified as cash and cash equivalents are now classified as general and other accrued expenses payable.
		Nine Months Ended
		30-Sep-13
		As			Adjustment		As Restated
		Previously
		Reported
	Consolidated Statements of Cash Flows:
	Cash flows from operating activities
	General and other accrued expenses	$	52,117		$	1,786,733	$	1,838,850
	Net cash used in operating activities		(2,813,808	)		1,786,733		(1,027,075	)
	Cash flows from investing activities
	Purchases of short term investments		(5,932,051	)		4,491,856		(1,440,195	)
	Net cash used in investing activities		(5,372,355	)		4,491,856		(880,499	)
	Net decrease in cash and cash equivalents		(8,191,563	)		6,278,589		(1,912,974	)
	Cash and cash equivalents, beginning of period		10,194,375			-		10,194,375
	Cash and cash equivalents, end of period	$	2,002,812		$	6,278,589	$	8,281,401
Restricted cash and investments	'
	The following table provides the Company's restricted cash and investments as of September 30, 2014 and December 31, 2013.
	Restricted cash and investments	30-Sep-14			31-Dec-13
	Money Market	$	300,000		$	215,000
	Certificates of Deposit		2,500,000			785,000
	US Treasury Bond		539,435			-
		$	3,339,435		$	1,000,000

INVESTMENTS_Tables

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
INVESTMENTS [Abstract]	'
Short-term, restricted and long-term investment holdings	'
	The following table provides the Company's short-term, restricted and long-term investment holdings by type of financial instruments that were used to estimate the fair value disclosures for financial instruments as of September 30, 2014 and December 31, 2013, respectively:
		30-Sep-14								31-Dec-13
		Book Value				Fair Value /				Book Value				Fair Value /
						Carrying Value								Carrying Value
	Financial Assets:
	Restricted certificates of deposit		$	2,500,000			$	2,500,000			$	785,000			$	785,000
	Restricted money markets			300,000				300,000				215,000				215,000
	Long-term investments			1,470,000				1,470,000				1,960,000				1,960,000
	Short-term investments			3,581,429				3,581,429				4,151,011				4,151,011
	Total		$	7,851,429			$	7,851,429			$	7,111,011			$	7,111,011
		30-Sep-14						31-Dec-13
		Range of Maturities			Interest Rates			Range of Maturities			Interest Rates
	Restricted certificates of deposit		Less than 1 year			0.10% - 0.40%			Less than 1 year			0.10% - 0.25%
	Restricted money markets		Less than 1 year			-			Less than 1 year			-
	Long-term investments		More than 1 year			0.75% - 1.40%			More than 1 year			0.30% - 0.70%
	Short-term investments		Less than 1 year			0.35% - 0.80%			Less than 1 year			0.20% - 1.24%
Fixed-maturity securities classified as available-for-sale	'
	The following table provides the Company's fixed-maturity securities classified as available-for-sale which are carried at fair value as of September 30, 2014:
			30-Sep-14
							Gross Unrealized
			Amortized Cost				Gains				Losses				Fair Value
	Fixed Maturities:
	Obligations of states, municipalities and political subdivisions		$	3,163,792			$	11,548			$	(2,301	)		$	3,173,039
	U.S. Treasury- held as restricted			539,518				231				(314	)			539,435
	Total Fixed Maturities		$	3,703,310			$	11,779			$	(2,615	)		$	3,712,474
Available-for-sale fixed-maturity securities by contractual maturity	'
	The amortized cost and fair value of available-for-sale fixed-maturity securities at September 30, 2014, by contractual maturity, are shown in the following table.  Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
			30-Sep-14
	Remaining Time to Maturity		Amortized Cost Basis				Fair Value
	Less than one year		$	418,771			$	420,174
	One to five years			1,454,913				1,458,595
	Five to ten years			757,413				757,855
	More than ten years			1,072,213				1,075,850
	Total		$	3,703,310			$	3,712,474

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]	'
Financial assets measured at fair value on a recurring basis	'
	The Company's short-term investments comprised of certificates of deposit held at financial institutions which are not measured at fair value on a recurring basis. A portion of the Company's cash and cash equivalents include money market mutual fund accounts held at financial institutions which are measured at fair value on a recurring basis. Fixed-maturity securities held as available-for-sale are carried at fair value in our consolidated financial statements. The following tables provide information as of September 30, 2014 and December 31, 2013, about the Company's financial assets measured at fair value on a recurring basis:
		Fair Value Measurements Using
		Level 1			Level 2			Level 3			Total
	As of September 30, 2014
	Money market mutual funds		$	5,640,249		$	-		$	-		$	5,640,249
	Restricted money market mutual funds			300,000			-			-			300,000
	Securities-available-for-sale fixed-maturity:
	Obligations of states, municipalities and political subdivisions			-			3,173,039			-			3,173,039
	U.S. Treasury			-			539,435			-			539,435
	Total		$	5,940,249		$	3,712,474		$	-		$	9,652,723
		Fair Value Measurements Using
		Level 1			Level 2			Level 3			Total
	As of December 31, 2013
	Money market mutual funds		$	5,903,478		$	-		$	-		$	5,903,478
	Securities-available-for-sale fixed-maturity:
	Obligations of states, municipalities and political subdivisions			-			-			-			-
	U.S. Treasury			-			-			-			-
	Total		$	5,903,478		$	-		$	-		$	5,903,478

PROPERTY_EQUIPMENT_AND_SOFTWAR1

PROPERTY, EQUIPMENT, AND SOFTWARE NET (Tables)	9 Months Ended
	Sep. 30, 2014
PROPERTY, EQUIPMENT, AND SOFTWARE NET [Abstract]	'
Property, equipment and software, net	'
	Property, equipment, and software net consist of the following as of September 30, 2014 and December 31, 2013, respectively:
		30-Sep-14			31-Dec-13			Useful Life
	Computer equipment	$	231,860		$	222,225		3 years
	Office equipment		17,409			13,999		5 years
	Furniture and fixtures		142,450			106,524		5 years
	Software installation and development		901,216			750,200		3 years
	Total, at cost		1,292,935			1,092,948
	Less accumulated depreciation and amortization		(937,591	)		(848,432	)
	Property and equipment, net	$	355,344		$	244,516

DEFERRED_POLICY_ACQUISITION_CO1

DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS (Tables)	9 Months Ended
	Sep. 30, 2014
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS [Abstract]	'
Deferred policy acquisition costs	'
	Changes in deferred policy acquisition costs for the three and nine months ended September 30, 2014 and September 30, 2013, are as follows:
		Three Months Ended						Nine Months Ended
		30-Sep-14			30-Sep-13			30-Sep-14			30-Sep-13
	Deferred policy acquisition charges, beginning of the period	$	6,977,702		$	5,570,771		$	6,214,334		$	5,274,515
	Capitalized costs		4,107,806			3,112,886			10,766,212			8,211,996
	Amortized costs		(3,317,348	)		(2,533,822	)		(9,212,386	)		(7,336,676	)
	Deferred policy acquisition charges, end of the period	$	7,768,160		$	6,149,835		$	7,768,160		$	6,149,835
Changes in deferred ceding commissions	'
	Changes in deferred ceding commissions for the three and nine months ended September 30, 2014 and September 30, 2013 are as follows:
		Three Months Ended						Nine Months Ended
		30-Sep-14			30-Sep-13			30-Sep-14			30-Sep-13
	Deferred ceding commission, beginning of the period	$	-		$	1,493		$	-		$	683,914
	Capitalized commissions		-			4,246,185			-			11,205,306
	Amortized commissions		-			(4,246,185	)		-			(11,887,727	)
	Deferred ceding commission, end of the period	$	-		$	1,493		$	-		$	1,493

UNPAID_LOSSES_AND_LOSS_ADJUSTM1

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2014
UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES [Abstract]	'
Reserve balances for losses and LAE, gross of reinsurance	'
	The following table provides the reconciliation of the beginning and ending reserve balances for losses and LAE, gross of reinsurance for the three and nine months ended September 30, 2014 and for September 30, 2013:
		Three Months Ended						Nine Months Ended
		September 30,						September 30,
		2014			2013			2014			2013
	Reserve for losses and LAE, beginning of period	$	21,873,167		$	15,019,644		$	15,884,062		$	11,641,296
	Reinsurance recoverables on losses and LAE		(21,025,809	)		(13,943,102	)		(15,090,175	)		(10,618,032	)
	Reserve for losses and LAE, net of reinsurance recoverables at beginning of year		847,358			1,076,542			793,887			1,023,264
	Add provision for claims and LAE occurring in:
	Current year		157,986			437,080			1,293,220			1,958,627
	Prior years		396,500			110,000			697,405			9,000
	Net incurred losses and LAE during the current period		554,486			547,080			1,990,625			1,967,627
	Deduct payments for claims and LAE occurring in:
	Current year		419,573			569,658			1,432,689			1,430,927
	Prior years		144,171			13,000			513,723			519,000
	Net claim and LAE payments during the current period		563,744			582,658			1,946,412			1,949,927
	Reserve for losses and LAE, net of reinsurance recoverables, at end of period		838,100			1,040,964			838,100			1,040,964
	Reinsurance recoverables on losses and LAE		16,899,909			14,559,112			16,899,909			14,559,112
	Reserve for losses and LAE, end of period	$	17,738,009		$	15,600,076		$	17,738,009		$	15,600,076

EARNINGS_LOSS_PER_SHARE_Tables

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2014
EARNINGS (LOSS) PER SHARE [Abstract]	'
Basis and diluted earnings per share	'
	The following table represents the reconciliation of the Company's basic earnings per common share and diluted earnings per common share computations reported on the Consolidated Statements of Operations for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
	Basic earnings per common share
	Net income	$	996,590	$	660,919		$	1,957,671	$	1,184,091
	Cumulative dividend		-		(255,215	)		-		(974,179	)
	Adjusted net income	$	996,590	$	405,704		$	1,957,671	$	209,912
	Weighted average common shares outstanding		16,162,352		6,735,384			16,112,634		3,745,128
	Basic earnings per common share	$	0.06	$	0.06		$	0.12	$	0.06
		Three Months Ended					Nine Months Ended
		September 30,					September 30,
			2014		2013			2014		2013
	Diluted earnings per common share
	Net income	$	996,590	$	660,919		$	1,957,671	$	1,184,091
	Add interest expense on convertible promissory notes		-		11,482			-		-
	Adjusted net income	$	996,590	$	672,401		$	1,957,671	$	1,184,091
	Weighted average common shares outstanding		16,162,352		16,728,462			16,112,634		3,745,128
	Effect of diluted securities:
	Stock options		942,250		702,500			942,250		-
	Diluted common shares outstanding		17,104,602		17,430,962			17,054,884		3,745,128
	Diluted earnings per common share	$	0.06	$	0.04		$	0.11	$	0.06

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2014
STOCK BASED COMPENSATION [Abstract]	'
Stock option plan activity	'
	A summary of the activity of the Company's stock option plan for the three and nine months ended September 30, 2014 and September 30, 2013 is as follows:
			Number of Options				Weighted Avg Exercise Price				Weighted Avg Remaining Cont. Term				Aggregate Intrinsic Value (in thousands)
	Outstanding at December 31, 2013			2,708,750			$	0.58				8.41			$	4
	Outstanding at March 31, 2014			2,708,750			$	0.58				8.16			$	21
	Outstanding at June 30, 2014			2,708,750			$	0.58				7.91			$	22
	Outstanding at September 30, 2014			2,738,500			$	0.59				7.57			$	21
	Exercisable at September 30, 2014			942,250			$	0.73				5.14			$	5
	Outstanding at December 31, 2012			783,750			$	0.78				5.91			$	-
	Outstanding at March 31, 2013			783,750			$	0.78				5.66			$	-
	Outstanding at June 30, 2013			783,750			$	0.78				5.41			$	-
	Outstanding at September 30, 2013			783,750			$	0.78				5.16			$	-
	Exercisable at September 30, 2013			702,500			$	0.8				4.9			$	-
Stock-based compensation expense	'
	The Company records stock-based compensation expense related to granting stock options in general and administrative expenses. The Company recognized compensation expense as follows for the three and nine months ended September 30, 2014 and 2013:
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2014				2013				2014				2013
	Total gross compensation expense		$	8,719			$	-			$	52,887			$	-
	Total tax benefit associated with compensation expense			(172	)			-				(7,507	)			-
	Total net compensation expense		$	8,547			$	-			$	45,380			$	-
Future compensation expense	'
	As of September 30, 2014, the Company expects to record compensation expense in the future as follows:
			Three				Year ending December 31,
			months
			ending
			31-Dec-14				2015				2016				2017			2018			2019
	Total gross unrecognized compensation expense		$	8,736			$	34,944			$	34,944			$	34,944		$	28,365		$	81
	Tax benefit associated with unrecognized compensation expense			(172	)			(686	)			(686	)			(686	)		(556	)		-
	Total net unrecognized compensation expense		$	8,564			$	34,258			$	34,258			$	34,258		$	27,809		$	81

REINSURANCE_Tables

REINSURANCE (Tables)	9 Months Ended
	Sep. 30, 2014
REINSURANCE [Abstract]	'
Effects of reinsurance on premiums written and earned	'
	The effects of reinsurance on premiums written and earned were as follows, for the three and nine months ended September 30, 2014 and September 30, 2013:
		Three Months Ended								Three Months Ended
		30-Sep-14								30-Sep-13
		Written				Earned				Written				Earned
	Direct premiums		$	21,057,409			$	16,893,086			$	16,398,118			$	13,643,436
	Ceded premiums			(18,648,417	)			(16,046,107	)			(14,641,816	)			(12,390,289	)
	Net Premiums		$	2,408,992			$	846,979			$	1,756,302			$	1,253,147
		Nine Months Ended								Nine Months Ended
		30-Sep-14								30-Sep-13
		Written				Earned				Written				Earned
	Direct premiums		$	54,973,994			$	46,933,714			$	43,370,380			$	39,037,947
	Ceded premiums			(48,567,557	)			(43,539,301	)			(38,659,828	)			(35,494,253	)
	Net Premiums		$	6,406,437			$	3,394,413			$	4,710,552			$	3,543,694
Summary of reinsurance balances	'
	Following is a summary of HAIC's reinsurance balances under the above described reinsurance treaties as of and for the three and nine months ended September 30, 2014 and December 31, 2013:
			30-Sep-14				31-Dec-13
	Ceded premiums payable		$	8,812,245			$	3,271,858
	Ceded loss and loss adjustment expense reserve		$	16,899,909			$	15,090,175
	Ceded unearned premium reserve		$	34,836,484			$	27,924,037
		Three Months Ended								Nine Months Ended
		30-Sep-14				30-Sep-13				30-Sep-14				30-Sep-13
	Ceded loss adjustment expenses		$	746,877			$	1,125,971			$	3,394,533			$	3,560,184
	Ceded earned premiums		$	16,046,107			$	12,390,289			$	43,539,301			$	35,494,253

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
Future minimum lease payments	'
	The Company leases its corporate office space and certain office equipment under non-cancelable operating leases which expire at various dates through 2019. Future minimum lease payments required under the non-cancelable operating leases are as follows for the years ending December 31:
	2014        (3 months)	$	41,712
	2015		166,848
	2016		174,709
	2017		91,284
	2018		22,188
	2019		12,519
		$	509,260

REGULATORY_REQUIREMENTS_AND_RE1

REGULATORY REQUIREMENTS AND RESTRICTIONS (Tables)	9 Months Ended
	Sep. 30, 2014
REGULATORY REQUIREMENTS AND RESTRICTIONS [Abstract]	'
Restricted cash and investments	'
	The following table provides the Company's restricted cash and investments as of September 30, 2014 and December 31, 2013.
	Restricted cash and investments	30-Sep-14		31-Dec-13
	Money Market	$	300,000	$	215,000
	Certificates of Deposit		2,500,000		785,000
	US Treasury Bond		539,435		-
		$	3,339,435	$	1,000,000

ORGANIZATION_AND_SUMMARY_OF_SI3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Restatement of Prior Year Amounts (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities	'	'
General and other accrued expenses	$3,436,721	$1,838,850
Net cash provided by operating activities	5,518,235	-1,027,075
Cash flows from investing activities	'	'
Purchases of short term investments	-3,136,612	-1,440,195
Net cash used in investing activities	-4,685,422	-880,499
Net increase (decrease) in cash and cash equivalents	840,663	-1,912,974
Cash and cash equivalents, beginning of period	'	10,194,375
Cash and cash equivalents, end of period	'	8,281,401
As Previously Reported [Member]	'	'
Cash flows from operating activities	'	'
General and other accrued expenses	'	52,117
Net cash provided by operating activities	'	-2,813,808
Cash flows from investing activities	'	'
Purchases of short term investments	'	-5,932,051
Net cash used in investing activities	'	-5,372,355
Net increase (decrease) in cash and cash equivalents	'	-8,191,563
Cash and cash equivalents, beginning of period	'	10,194,375
Cash and cash equivalents, end of period	'	2,002,812
Adjustment [Member]	'	'
Cash flows from operating activities	'	'
General and other accrued expenses	'	1,786,733
Net cash provided by operating activities	'	1,786,733
Cash flows from investing activities	'	'
Purchases of short term investments	'	4,491,856
Net cash used in investing activities	'	4,491,856
Net increase (decrease) in cash and cash equivalents	'	6,278,589
Cash and cash equivalents, beginning of period	'	0
Cash and cash equivalents, end of period	'	$6,278,589
Homeowners of America Insurance Company [Member]	'	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'	'
Noncontrolling interest, ownership percentage by Parent (in hundredths)	100.00%	'
Homeowners of America MGA Inc [Member]	'	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'	'
Noncontrolling interest, ownership percentage by Parent (in hundredths)	100.00%	'

ORGANIZATION_AND_SUMMARY_OF_SI4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Other Information (Details) (USD $)	3 Months Ended				9 Months Ended			12 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013	Dec. 31, 2013
Cash and Cash Equivalents [Abstract]	'		'		'		'	'
Checks issued in excess of cash book balances not yet presented for payment	$4,700,000		'		$4,700,000		'	$1,200,000
Restricted Cash and Investments [Abstract]	'		'		'		'	'
Restricted cash and investments	3,339,435		'		3,339,435		'	1,000,000
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]	'		'		'		'	'
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, before Tax	4,012		0		9,164		0	'
Loss Adjustment and Other Fee Income [Abstract]	'		'		'		'	'
Loss adjustment and other fee income as a percentage of total revenue, minimum (in hundredths)	'	[1]	'	[1]	'	[1]	5.00%	'
Impairment of Long-Lived Assets [Abstract]	'		'		'		'	'
Impairment charges	'		'		0		'	0
Uncertain Tax Positions [Abstract]	'		'		'		'	'
Percentage of settlement with tax authority (in hundredths)	'		'		50.00%		'	'
Stock Based Compensation [Abstract]	'		'		'		'	'
Vesting percentage of stock awards (in hundredths)	'		'		100.00%		'	'
EARNINGS (LOSS) PER SHARE [Abstract]	'		'		'		'	'
Net income attributable to common stockholders	996,590		405,704		1,957,671		209,912	'
Antidilutive securities excluded from computation of earnings per share (in shares)	'		'		'		13,985,834	'
Cumulative preferred stock dividends	0		255,215		0		974,179	'
Property and Equipment [Member] | Maximum [Member]	'		'		'		'	'
Property, Equipment and Software [Abstract]	'		'		'		'	'
Useful life (in years)	'		'		'5 years		'	'
Property and Equipment [Member] | Minimum [Member]	'		'		'		'	'
Property, Equipment and Software [Abstract]	'		'		'		'	'
Useful life (in years)	'		'		'3 years		'	'
Software Installation and Development [Member]	'		'		'		'	'
Property, Equipment and Software [Abstract]	'		'		'		'	'
Useful life (in years)	'		'		'3 years		'	'
Money Market [Member]	'		'		'		'	'
Restricted Cash and Investments [Abstract]	'		'		'		'	'
Restricted cash and investments	300,000		'		300,000		'	215,000
Certificates of Deposit [Member]	'		'		'		'	'
Restricted Cash and Investments [Abstract]	'		'		'		'	'
Restricted cash and investments	2,500,000		'		2,500,000		'	785,000
US Treasury Bond [Member]	'		'		'		'	'
Restricted Cash and Investments [Abstract]	'		'		'		'	'
Restricted cash and investments	$539,435		'		$539,435		'	$0
[1]	No amount over 5%.

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	1 Months Ended	9 Months Ended	1 Months Ended	3 Months Ended		9 Months Ended	1 Months Ended	9 Months Ended
	Aug. 31, 2013	Sep. 30, 2014	Aug. 31, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Aug. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
	Inter-Atlantic Advisors III, Ltd. [Member]	Inter-Atlantic Advisors III, Ltd. [Member]	Inter-Atlantic Advisors III, Ltd. [Member]	Inter-Atlantic Advisors III, Ltd. [Member]	Inter-Atlantic Advisors III, Ltd. [Member]	Inter-Atlantic Advisors III, Ltd. [Member]	Inter-Atlantic Advisors III, Ltd. [Member]	Directors [Member]	Inter-Atlantic Advisors III, Ltd. and Directors [Member]
			Annual Advisory Fee [Member]	Annual Advisory Fee [Member]	Annual Advisory Fee [Member]	Annual Advisory Fee [Member]	Annual Grant of Shares [Member]	Annual Grant of Shares [Member]	Annual Advisory Fee [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'
Initial term of Advisory Agreement	'	'6 years	'	'	'	'	'	'	'
Number of days notice required for termination of Advisory Agreement	'60 days	'	'	'	'	'	'	'	'
Related party transaction amount	'	'	$300,000	$75,000	$50,000	$50,000	$150,000	'	$375,000
Common stock issued	'	'	'	'	'	'	'	$150,000	'
Shares of common stock issued (in shares)	'	'	'	'	'	'	'	288,462	'

INVESTMENTS_Details

INVESTMENTS (Details) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Obligations of States, Municipalities and Political Subdivisions [Member]

U.S. Treasury - Held as Restricted [Member]

Fixed Maturities [Member]

Restricted certificates of deposit [Member]

Restricted certificates of deposit [Member]

Restricted certificates of deposit [Member]

Restricted certificates of deposit [Member]

Restricted certificates of deposit [Member]

Restricted certificates of deposit [Member]

Restricted cash [Member]

Restricted cash [Member]

Long-term investments [Member]

Long-term investments [Member]

Long-term investments [Member]

Long-term investments [Member]

Long-term investments [Member]

Long-term investments [Member]

Short-term investments [Member]

Short-term investments [Member]

Short-term investments [Member]

Short-term investments [Member]

Short-term investments [Member]

Short-term investments [Member]

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

INVESTMENTS [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net Investment Income

$10,647

$9,339

$19,888

$31,684

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Change in unrealized gain on investments:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unrealized gain arising from the period

4,012

0

9,164

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Schedule of Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financial Assets Book Value

7,851,429

'

7,851,429

'

7,111,011

'

'

'

2,500,000

785,000

'

'

'

'

300,000

215,000

1,470,000

1,960,000

'

'

'

'

3,581,429

4,151,011

'

'

'

'

Financial Assets Fair Value / Carrying Value

7,851,429

'

7,851,429

'

7,111,011

'

'

'

2,500,000

785,000

'

'

'

'

300,000

215,000

1,470,000

1,960,000

'

'

'

'

3,581,429

4,151,011

'

'

'

'

Range of Maturities

'

'

'

'

'

'

'

'

'Less than 1 year

'Less than 1 year

'

'

'

'

'Less than 1 year

'Less than 1 year

'More than 1 year

'More than 1 year

'

'

'

'

'Less than 1 year

'Less than 1 year

'

'

'

'

Interest Rates (in hundredths)

'

'

'

'

'

'

'

'

'

'

0.40%

0.25%

0.10%

0.10%

'

'

'

'

1.40%

0.70%

0.75%

0.30%

'

'

0.80%

1.24%

0.35%

0.20%

Schedule of Available-for-sale Securities [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available-for-sale Debt Securities, Amortized Cost Basis

3,163,792

'

3,163,792

'

0

3,163,792

539,518

3,703,310

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross Unrealized Gain

'

'

'

'

'

11,548

231

11,779

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gross Unrealized Losses

'

'

'

'

'

-2,301

-314

-2,615

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available-for-sale Securities, Debt Securities, Current

3,173,039

'

3,173,039

'

0

3,173,039

539,435

3,712,474

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Less than one year, Amortized Cost Basis

418,771

'

418,771

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

One to five years, Amortized Cost Basis

1,454,913

'

1,454,913

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Five to ten years, Amortized Cost Basis

757,413

'

757,413

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

More than ten years, Amortized Cost Basis

1,072,213

'

1,072,213

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total, Amortized Cost Basis

3,703,310

'

3,703,310

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value Rolling Maturity [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Less than one year, Fair Value

420,174

'

420,174

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

One to five years, Fair Value

1,458,595

'

1,458,595

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Five to ten years, Fair Value

757,855

'

757,855

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

More than ten years, Fair Value

1,075,850

'

1,075,850

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total, Fair Value

$3,712,474

'

$3,712,474

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Securities-available-for-sale fixed maturity [Abstract]	'	'
U.S. treasury	$539,435	$0
Fair Value Measured on a Recurring Basis [Member]	'	'
Fair Value of Financial Assets [Abstract]	'	'
Money market mutual funds	5,640,249	5,903,478
Restricted money market mutual funds	300,000	'
Securities-available-for-sale fixed maturity [Abstract]	'	'
Obligations of states, municipalities and political subdivisions	3,173,039	0
U.S. treasury	539,435	0
Total assets	9,652,723	5,903,478
Transfers Between Level 1 and Level 2 [Abstract]	'	'
Transfers from Level 1 to Level 2	0	'
Transfers from Level 2 to Level 1	0	'
Fair Value Measured on a Recurring Basis [Member] | Level 1 [Member]	'	'
Fair Value of Financial Assets [Abstract]	'	'
Money market mutual funds	5,640,249	5,903,478
Restricted money market mutual funds	300,000	'
Securities-available-for-sale fixed maturity [Abstract]	'	'
Obligations of states, municipalities and political subdivisions	0	0
U.S. treasury	0	0
Total assets	5,940,249	5,903,478
Fair Value Measured on a Recurring Basis [Member] | Level 2 [Member]	'	'
Fair Value of Financial Assets [Abstract]	'	'
Money market mutual funds	0	0
Restricted money market mutual funds	0	'
Securities-available-for-sale fixed maturity [Abstract]	'	'
Obligations of states, municipalities and political subdivisions	3,173,039	0
U.S. treasury	539,435	0
Total assets	3,712,474	0
Fair Value Measured on a Recurring Basis [Member] | Level 3 [Member]	'	'
Fair Value of Financial Assets [Abstract]	'	'
Money market mutual funds	0	0
Restricted money market mutual funds	0	'
Securities-available-for-sale fixed maturity [Abstract]	'	'
Obligations of states, municipalities and political subdivisions	0	0
U.S. treasury	0	0
Total assets	$0	$0

PROPERTY_EQUIPMENT_AND_SOFTWAR2

PROPERTY, EQUIPMENT, AND SOFTWARE NET (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total, at cost	$1,292,935	'	$1,292,935	'	$1,092,948
Less accumulated depreciation and amortization	-937,591	'	-937,591	'	-848,432
Property and equipment, net	355,344	'	355,344	'	244,516
Depreciation, amortization and accretion, net	35,187	22,769	89,159	63,573	'
Computer Equipment [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total, at cost	231,860	'	231,860	'	222,225
Useful life (in years)	'	'	'3 years	'	'
Office Equipment [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total, at cost	17,409	'	17,409	'	13,999
Useful life (in years)	'	'	'5 years	'	'
Furniture and Fixtures [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total, at cost	142,450	'	142,450	'	106,524
Useful life (in years)	'	'	'5 years	'	'
Software Installation and Development [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total, at cost	$901,216	'	$901,216	'	$750,200
Useful life (in years)	'	'	'3 years	'	'

DEFERRED_POLICY_ACQUISITION_CO2

DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS, Acquisition Costs (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS [Abstract]	'	'	'	'
Deferred policy acquisition costs, net	$7,768,160	$6,149,835	$7,768,160	$6,149,835
Deferred Acquisition Costs and Ceding Commissions [Line Items]	'	'	'	'
Deferred policy acquisition charges, end of the period	7,768,160	6,149,835	7,768,160	6,149,835
Deferred Policy Acquisition Costs [Member]	'	'	'	'
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS [Abstract]	'	'	'	'
Deferred policy acquisition costs, net	7,768,160	6,149,835	7,768,160	6,149,835
Deferred Acquisition Costs and Ceding Commissions [Line Items]	'	'	'	'
Deferred policy acquisition charges, beginning of the period	6,977,702	5,570,771	6,214,334	5,274,515
Capitalized costs	4,107,806	3,112,886	10,766,212	8,211,996
Amortized costs	-3,317,348	-2,533,822	-9,212,386	-7,336,676
Deferred policy acquisition charges, end of the period	$7,768,160	$6,149,835	$7,768,160	$6,149,835

DEFERRED_POLICY_ACQUISITION_CO3

DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS, Ceding Commissions (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS [Abstract]	'	'	'	'
Deferred ceding commissions, net	$0	$1,493	$0	$1,493
Increase (decrease) to deferred policy acquisition costs, period	-1,493	'	'	'
Deferred Acquisition Costs and Ceding Commissions [Line Items]	'	'	'	'
Deferred ceding commission, end of the period	0	1,493	0	1,493
Deferred Ceding Commissions [Member]	'	'	'	'
DEFERRED POLICY ACQUISITION COSTS AND CEDING COMMISSIONS [Abstract]	'	'	'	'
Deferred ceding commissions, net	0	1,493	0	1,493
Deferred Acquisition Costs and Ceding Commissions [Line Items]	'	'	'	'
Deferred ceding commission, beginning of the period	0	1,493	0	683,914
Capitalized commissions	0	4,246,185	0	11,205,306
Amortized commissions	0	-4,246,185	0	-11,887,727
Deferred ceding commission, end of the period	$0	$1,493	$0	$1,493

UNPAID_LOSSES_AND_LOSS_ADJUSTM2

UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES [Abstract]	'	'	'	'
Reserve for losses and LAE, beginning of period	$21,873,167	$15,019,644	$15,884,062	$11,641,296
Reinsurance recoverables on losses and LAE	-21,025,809	-13,943,102	-15,090,175	-10,618,032
Reserve for losses and LAE, net of reinsurance recoverables at beginning of year	847,358	1,076,542	793,887	1,023,264
Add provision for claims and LAE occurring in:	'	'	'	'
Current year	157,986	437,080	1,293,220	1,958,627
Prior years	396,500	110,000	697,405	9,000
Net incurred losses and LAE during the current period	554,486	547,080	1,990,625	1,967,627
Deduct payments for claims and LAE occurring in:	'	'	'	'
Current year	419,573	569,658	1,432,689	1,430,927
Prior years	144,171	13,000	513,723	519,000
Net claim and LAE payments during the current period	563,744	582,658	1,946,412	1,949,927
Reserve for losses and LAE, net of reinsurance recoverables, at end of period	838,100	1,040,964	838,100	1,040,964
Reinsurance recoverables on losses and LAE	16,899,909	14,559,112	16,899,909	14,559,112
Reserve for losses and LAE, end of period	17,738,009	15,600,076	17,738,009	15,600,076
Liability for unpaid claims and claims adjustment expense, incurred claims, prior years	$396,500	$110,000	$697,405	$9,000

CONVERTIBLE_NOTES_PAYABLE_Deta

CONVERTIBLE NOTES PAYABLE (Details) (USD $)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
				Inter-Atlantic Fund, L.P [Member]	Phoenix Associates, Inc [Member]
Debt Instrument [Line Items]	'	'	'	'	'
Convertible notes payable, total	'	'	'	$950,000	$50,000
Debt instrument, interest rate, stated percentage (in hundredths)	'	'	10.00%	'	'
Debt instrument interest rate on default (in hundredths)	'	'	12.50%	'	'
Debt conversion, converted instrument, shares issued (in shares)	'	'	'	2,306,152	124,988
Interest expense, debt, total	$17,397	$68,630	'	'	'

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

Feb. 01, 2014

Aug. 31, 2013

Feb. 01, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Apr. 15, 2014

Apr. 15, 2014

Aug. 31, 2013

Aug. 31, 2013

Sep. 30, 2014

Sep. 30, 2013

2013 Equity Compensation Plan [Member]

2013 Equity Compensation Plan [Member]

Mr. Tucker [Member]

Mr. Backus [Member]

Common Stock [Member]

Common Stock [Member]

Class of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, shares authorized (in shares)

'

'

'

20,500,000

'

20,500,000

'

20,500,000

'

'

'

'

'

'

Preferred stock, convertible cumulative percentage (in hundredths)

'

'

'

'

'

12.50%

'

12.50%

'

'

'

'

'

'

Preferred stock, par value (in dollars per share)

'

'

'

$0.00

'

$0.00

'

$0.00

'

'

'

'

'

'

Preferred stock, shares issued (in shares)

'

'

'

0

'

0

'

0

'

'

'

'

'

'

Preferred stock, shares outstanding (in shares)

'

'

'

0

'

0

'

0

'

'

'

'

'

'

Common stock, shares authorized (in shares)

'

'

'

40,000,000

40,000,000

40,000,000

40,000,000

40,000,000

'

'

'

'

'

'

Common stock, shares issued (in shares)

'

'

'

17,479,852

17,056,152

17,479,852

17,056,152

17,181,140

'

'

'

'

'

'

Common stock, shares outstanding (in shares)

'

'

'

16,168,852

15,706,152

16,168,852

15,706,152

15,831,140

'

'

'

'

'

'

Common stock, par value (in dollars per share)

'

'

$0.52

$0.00

$0.00

$0.00

$0.00

$0.00

'

$0.52

'

'

'

'

Common stock, voting rights

'

'

'

'

'

'1

'1

'1

'

'

'

'

'

'

Common stock, compensation for management services

'

'

$150,000

$0

$0

$150,000

$0

'

'

'

'

'

'

'

Common stock held in Treasury issued (in shares)

'

'

'

'

'

'

'

'

39,000

'

'

'

'

'

Common stock issued (in shares)

288,462

'

'

'

'

'

'

'

'

'

'

'

327,462

'

Repurchase of common stock (in shares)

'

'

'

'

'

'

'

'

'

'

480,000

60,000

'

0

Repurchase of common stock

'

5,400

'

'

'

0

5,400

'

'

'

'

'

'

'

Common stock warrants issued

'

'

'

$0

$0

$0

$0

'

'

'

'

'

'

'

EARNINGS_LOSS_PER_SHARE_Detail

EARNINGS (LOSS) PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Basic earnings per common share [Abstract]	'	'	'	'
Net income	$996,590	$660,919	$1,957,671	$1,184,091
Cumulative dividend	0	-255,215	0	-974,179
Adjusted net income	996,590	405,704	1,957,671	209,912
Weighted average common shares outstanding (in shares)	16,162,352	6,735,384	16,112,634	3,745,128
Basic earnings per common share	$0.06	$0.06	$0.12	$0.06
Diluted earnings per common share [Abstract]	'	'	'	'
Net income	996,590	660,919	1,957,671	1,184,091
Add interest expense on covertible promissory notes	0	11,482	0	0
Adjusted net income	996,590	672,401	1,957,671	1,184,091
Weighted average common shares outstanding (in shares)	16,162,352	16,728,462	16,112,634	3,745,128
Effect of diluted securities [Abstract]	'	'	'	'
Stock Options (in shares)	942,250	702,500	942,250	0
Diluted common shares outstanding (in shares)	17,104,602	17,430,962	17,054,884	3,745,128
Diluted earnings per common share	$0.06	$0.04	$0.11	$0.06
Interest on convertible debt net of tax excluded from computation of diluted earnings per share	'	'	'	$44,211
Antidilutive securities excluded from computation of earnings per share (in shares)	'	'	'	13,985,834

STOCK_BASED_COMPENSATION_Incen

STOCK BASED COMPENSATION, Incentive Plans (Details)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014
	2005 Management Incentive Plan [Member]	2005 Management Incentive Plan [Member]	2013 Equity Compensation Plan [Member]
Incentive Awards [Abstract]	'	'	'
Shares authorized (in shares)	789,475	'	2,925,000
Total options granted to purchase shares of common stock (in shares)	783,750	783,750	1,965,000
Shares of common stock granted in the form of a stock award (in shares)	'	'	39,000

STOCK_BASED_COMPENSATION_Stock

STOCK BASED COMPENSATION, Stock Option Plan (Details) (Management Incentive Plan 2005 and Equity Compensation Plan 2013 [Member], Employee Stock Option [Member], USD $)	3 Months Ended				6 Months Ended		9 Months Ended		12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Management Incentive Plan 2005 and Equity Compensation Plan 2013 [Member] | Employee Stock Option [Member]	'	'	'	'	'	'	'	'	'	'
Options [Roll Forward]	'	'	'	'	'	'	'	'	'	'
Number of options outstanding (in shares)	2,738,500	2,708,750	783,750	783,750	2,708,750	783,750	2,738,500	783,750	2,708,750	783,750
Number of options exercisable (in shares)	942,250	'	702,500	'	'	'	942,250	702,500	'	'
Weighted average exercise price, outstanding (in dollars per shares)	$0.59	$0.58	$0.78	$0.78	$0.58	$0.78	$0.59	$0.78	$0.58	$0.78
Weighted average exercise price, exercisable (in dollars per share)	$0.73	'	$0.80	'	'	'	$0.73	$0.80	'	'
Weighted average remaining contractual term, outstanding	'	'8 years 1 month 28 days	'	'5 years 7 months 28 days	'7 years 10 months 28 days	'5 years 4 months 28 days	'7 years 6 months 25 days	'5 years 1 month 28 days	'8 years 4 months 28 days	'5 years 10 months 28 days
Weighted average remaining contractual term, exercisable	'	'	'	'	'	'	'5 years 1 month 20 days	'4 years 10 months 24 days	'	'
Aggregate intrinsic value, outstanding	$21	$21	$0	$0	$22	$0	$21	$0	$4	$0
Aggregate intrinsic value, exercisable	$5	'	$0	'	'	'	$5	$0	'	'
Options granted	40,000	'	0	'	'	'	40,000	0	'	'
Fair value of options granted (in dollars per shares)	$0.02	'	'	'	'	'	$0.02	'	'	'

STOCK_BASED_COMPENSATION_Compe

STOCK BASED COMPENSATION, Compensation Expense (Details) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Stock-Based Compensation Expense [Abstract]	'	'	'
Total gross compensation expense	'	$52,887	$0
Total tax benefit associated with compensation expense	-172	-7,507	0
Total net compensation expense	8,547	45,380	0
General and Administrative Expense [Member]	'	'	'
Stock-Based Compensation Expense [Abstract]	'	'	'
Total gross compensation expense	$8,719	$52,887	$0

STOCK_BASED_COMPENSATION_Futur

STOCK BASED COMPENSATION, Future Compensation Expense (Details) (USD $)	Sep. 30, 2014
STOCK BASED COMPENSATION [Abstract]	'
Gross unrecognized compensation expense, remainder of 2014	$8,736
Tax benefit associated with unrecognized compensation expense, remainder of 2014	-172
Net unrecognized compensation expense, remainder of 2014	8,564
Gross unrecognized compensation expense, Year ending December 31, 2015	34,944
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2015	-686
Net unrecognized compensation expense, Year ending December 31, 2015	34,258
Gross unrecognized compensation expense, Year ending December 31, 2016	34,944
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2016	-686
Net unrecognized compensation expense, Year ending December 31, 2016	34,258
Gross unrecognized compensation expense, Year ending December 31, 2017	34,944
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2017	-686
Net unrecognized compensation expense, Year ending December 31, 2017	34,258
Gross unrecognized compensation expense, Year ending December 31, 2018	28,365
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2018	-556
Net unrecognized compensation expense, Year ending December 31, 2018	27,809
Gross unrecognized compensation expense, Year ending December 31, 2019	81
Tax benefit associated with unrecognized compensation expense, Year ending December 31, 2019	0
Net unrecognized compensation expense, Year ending December 31, 2019	$81

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
INCOME TAXES [Abstract]	'	'	'	'
Income tax expense (benefit)	$530,513	$315,929	$1,052,687	$608,254
Income tax rate (in hundredths)	34.22%	32.30%	34.25%	33.90%

REINSURANCE_Reinsurance_Agreem

REINSURANCE, Reinsurance Agreements (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
	Occurence	Occurence
Property Insurance Treaties on Any One Loss Occurrence not to Exceed $110,000,000 [Member] | Treaties from April 1, 2014 through March 31, 2015 [Member] | Maximum [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Percentage reinsured (in hundredths)	80.00%	'
Reinsurance recoverables on losses and LAE	$110,000,000	'
Property Insurance Treaties on Any One Loss Occurrence not to Exceed $40,000,000 [Member] | Treaties from April 1, 2014 through March 31, 2015 [Member] | Maximum [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Percentage reinsured (in hundredths)	10.00%	'
Reinsurance recoverables on losses and LAE	4,000,000	'
Casualty Insurance Treaties [Member] | Treaties from April 1, 2014 through March 31, 2015 [Member] | Maximum [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Percentage reinsured (in hundredths)	64.00%	'
Residential Quota Share Reinsurance Treaties [Member] | Treaties from April 1, 2013 through March 31, 2014 [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Percentage reinsured (in hundredths)	90.00%	'
Number of layers for reinsurance	4	'
Gross loss covered	76,000,000	'
Retention payable, total	4,000,000	'
Net retention amount under reinsurance liability	400,000	'
Residential Quota Share Reinsurance Treaties [Member] | Treaties from April 1, 2013 through March 31, 2014 [Member] | Maximum [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Reinsurance recoverables on losses and LAE	80,000,000	'
Property Catastrophe Treaties [Member] | Treaties from April 1, 2014 through March 31, 2015 [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Percentage reinsured (in hundredths)	20.00%	'
Number of layers for reinsurance	4	'
Gross loss covered	110,000,000	'
Retention payable, total	4,000,000	'
Net retention amount under reinsurance liability	400,000	'
Property Catastrophe Treaties [Member] | Treaties from August 1, 2014 through November 30, 2014 [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Gross loss covered	140,000,000	'
Retention payable, total	4,000,000	'
Net retention amount under reinsurance liability	400,000	'
Non-Weather Losses [Member]	'	'
Effects of Reinsurance [Line Items]	'	'
Gross loss covered	500,000	500,000
Net loss covered	$50,000	$50,000
Number of loss occurrences	2	2

REINSURANCE_Effects_of_Reinsur

REINSURANCE, Effects of Reinsurance on Premiums Written and Earned (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REINSURANCE [Abstract]	'	'	'	'
Direct premiums, Written	$21,057,409	$16,398,118	$54,973,994	$43,370,380
Ceded premiums, Written	-18,648,417	-14,641,816	-48,567,557	-38,659,828
Net Premiums, Written	2,408,992	1,756,302	6,406,437	4,710,552
Direct premiums, Earned	16,893,086	13,643,436	46,933,714	39,037,947
Ceded premiums, Earned	-16,046,107	-12,390,289	-43,539,301	-35,494,253
Net premiums earned	$846,979	$1,253,147	$3,394,413	$3,543,694

REINSURANCE_Reinsurance_Balanc

REINSURANCE, Reinsurance Balances (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
REINSURANCE [Abstract]	'	'	'	'	'
Ceded premiums payable	'	'	$8,812,245	'	$3,271,858
Ceded loss and loss adjustment expense reserve	'	'	16,899,909	'	15,090,175
Ceded unearned premium reserve	'	'	34,836,484	'	27,924,037
Ceded loss adjustment expenses	746,877	1,125,971	3,394,533	3,560,184	'
Ceded earned premiums	$16,046,107	$12,390,289	$43,539,301	$35,494,253	'

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
COMMITMENTS AND CONTINGENCIES [Abstract]	'	'	'	'
Operating leases, rent expense	$47,776	$33,961	$125,341	$100,396
2014 (3 months)	41,712	'	41,712	'
2015	166,848	'	166,848	'
2016	174,709	'	174,709	'
2017	91,284	'	91,284	'
2018	22,188	'	22,188	'
2019	12,519	'	12,519	'
Total	$509,260	'	$509,260	'

REGULATORY_REQUIREMENTS_AND_RE2

REGULATORY REQUIREMENTS AND RESTRICTIONS (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
REGULATORY REQUIREMENTS AND RESTRICTIONS [Abstract]	'	'
Minimum in capital stock requires by insurance regulator	$2,500,000	'
Minimum in surplus requires by insurance regulator	2,500,000	'
Statutory accounting practices, statutory capital and surplus, balance	12,118,313	8,963,573
Statutory accounting practices statutory capital balance	3,000,000	2,500,000
Statutory accounting practices statutory surplus balance	9,118,313	6,463,573
Statutory accounting practices, future dividend payments restrictions	'The maximum dividend that may be paid without approval of the Insurance Commissioner is limited to the greater of 10% of the statutory surplus at the end of the preceding calendar year or the statutory net income of the preceding calendar year	'
Restricted cash and investments, current, total	3,300,000	1,000,000
Restricted Cash and Investments [Abstract]	'	'
Restricted cash and investments	3,339,435	1,000,000
Money Market [Member]	'	'
Restricted Cash and Investments [Abstract]	'	'
Restricted cash and investments	300,000	215,000
Certificates of Deposit [Member]	'	'
Restricted Cash and Investments [Abstract]	'	'
Restricted cash and investments	2,500,000	785,000
US Treasury Bond [Member]	'	'
Restricted Cash and Investments [Abstract]	'	'
Restricted cash and investments	$539,435	$0