SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of report (Date of earliest event reported) August 25, 1997


                           UNICO AMERICAN CORPORATION
             (Exact name of registrant as specified in its charter)

                                     Nevada
                  State or other jurisdiction of incorporation

       0-3978                                         95-2583928           
 (Commission File Number)                 I.R.S. Employer Identification number
 
        

            23251 Mulholland Drive, Woodland Hills, California 91364
               (Address of Principal Executive Offices)      (Zip Code)

                                 (818) 591-9800
                          Registrant's telephone number



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Item 4.  Changes in Registrant's Certifying Accountants

Getz,  Krycler & Jakubovits was previously the principal  accountants  for Unico
American  Corporation.  On August 25, 1997, that firm's appointment as principal
accountants  was  terminated.  The decision to  terminate  the  appointment  was
approved by the audit  committee of the board of directors.

In connection  with the audits of the nine month fiscal year ended  December 31,
1996,  and the fiscal years ended March 31, 1996,  and 1995,  and the subsequent
unaudited interim period through June 30, 1997, there were no disagreements with
Getz, Krycler & Jakubovits on any matter of accounting  principles or practices,
financial  statement  disclosure,   or  auditing  scope  or  procedures,   which
disagreements  if not resolved to their  satisfaction  would have caused them to
make  reference  in  connection  with their  opinion the  subject  matter of the
disagreement.

The audit reports of Getz,  Krycler & Jakubovits on the  consolidated  financial
statements of Unico American Corporation and subsidiaries as of and for the nine
month fiscal year ended  December 31, 1996, and the fiscal years ended March 31,
1996,  and 1995,  did not contain any adverse  opinion or disclaimer of opinion,
nor  were  they  qualified  or  modified  as to  uncertainty,  audit  scope,  or
accounting principles. A letter from Getz, Krycler & Jakubovits is attached.

On August 25, 1997,  KPMG Peat Marwick LLP was engaged as principal  accountants
for Unico American Corporation.

                                   SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant has duly caused this report to be signed by the undersigned  hereunto
duly authorized.


                           Unico American Corporation
                                  (Registrant)

Date   August 27, 1997     By:  /s/  Lester A. Aaron  
                                
                                     Lester A. Aaron
                                     Treasurer and Chief
                                     Financial Officer


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                                 EXHIBIT INDEX
                                       To
                           Unico American Corporation
                         Form 8-K Dated August 27, 1997




Exhibit             Description                                  Page

  16                Letter from Getz, Krycler & Jakubovits,        4
                    to the Securities and Exchange Commission
                    dated August 27, 1997



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