1

               EXHIBIT 21 - SUBSIDIARIES OF THE COMPANY



                       BANCINSURANCE CORPORATION
               -----------------------------------------
               |                                       |
               |                                       |
               |                                       |
               |                                       |
               |                                       |
             100%                                     100%
     Ohio Indemnity Company                     BCIS Services, Inc.
     An Insurance Company

                                  66