FACO
FIRST ACCEPTANCE CORP
stock OTC

first acceptance corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in nashville, tennessee. the company operates in two segments: insurance, and real estate and corporate. its insurance operations are engaged in selling non-standard personal automobile insurance products and related products in over 20 states. the real estate and corporate segment consists of the activities related to the disposition of foreclosed real estate held for sale, interest expense associated with all debt and other general corporate overhead expenses. the company conducts its servicing and underwriting operations in approximately 10 states and is licensed as an insurer in over 10 additional states. it leases and operates approximately 440 retail locations and a call center staffed by employee-agents who primarily sell non-standard personal automobile insurance products underwritten by the company, as well as certain commissionable ancillary products.