100% BIC MANAGEMENT, INC. (A Cost Containment Provider) -----------------------------

   1




                    EXHIBIT 21 - SUBSIDIARIES OF THE COMPANY
                                 ---------------------------




                                                   ---------------------------------------------
                                                                   BANCINSURANCE
                                                                    CORPORATION
                                                   ----------------------------------------------

                                                                                    
----------------------   -------------------------------     -----------------------------   -----------------------------
         100%                         100%                              100%                          100%
OHIO INDEMNITY COMPANY   XXXX XXXXXXXX & ASSOCIATES, INC.         BCIS SERVICES, INC.             CUSTOM TITLE
(An Insurance Company)        (An Insurance Agency)          (A Cost Containment Provider)   (A Title Lien Search Company)
----------------------   -------------------------------     ------------------------------  -----------------------------



---------------------------------------------
                BANCINSURANCE
                 CORPORATION
----------------------------------------------

 -----------------------------
              100%
      BIC MANAGEMENT, INC.
 (A Cost Containment Provider)
 -----------------------------