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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	December 15, 2006
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  	Bancinsurance Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Ohio
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  	0-8738
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  	31-0790882
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	250 East Broad Street, 10th Floor, Columbus, Ohio
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  	43215
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	614-220-5200
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <B>
  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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  On December 15, 2006, the Compensation Committee of the Board of Directors of Bancinsurance Corporation (the "Company") approved the Company&#x2019;s 2007 Fiscal Year Executive Officer Bonus Plan (the "Plan"). The material terms of the Plan are summarized on Exhibit 10.1 attached hereto and made a part hereof. <br><br>On December 15, 2006, the Compensation Committee also approved discretionary cash bonus awards for the 2006 fiscal year for Si Sokol, Chairman and Chief Executive Officer, and Matthew C. Nolan, Vice President, Chief Financial Officer, Treasurer and Secretary, in the amount of $150,000 and $25,000, respectively, in consideration of their personal performance in connection with the sale of the Company&#x2019;s subsidiary, American Legal Publishing Corporation, on August 31, 2006.   These discretionary bonuses will be paid in lump-sum payments in early 2007 and will be in addition to any bonus awards that Mr. Sokol and Mr. Nolan are eligible to receive under the Company&#x2019;s previously disclosed 2006 Fiscal Year Executive Officer Bonus Plan.  <br><br>On December 15, 2006, the Compensation Committee also approved the annual base salaries for the 2007 fiscal year for the Company&#x2019;s Chief Executive Officer, President, Chief Financial Officer, Senior Vice President of Ohio Indemnity Company (a wholly-owned subsidiary of the Company) and Vice President of Specialty Products of Ohio Indemnity Company (the Company&#x2019;s "Named Executive Officers" pursuant to Instruction 4. to Item 5.02 of Form 8-K).  The annual base salaries to be paid to the Named Executive Officers effective as of January 1, 2007 are as follows:<br><br><br>Si Sokol, Chairman and Chief Executive Officer: $300,000<br>	<br>John S. Sokol, President: $333,000<br><br>Matthew C. Nolan, Vice President, Chief<br>Financial Officer, Treasurer and Secretary: $200,000<br><br>Daniel J. Stephen, Senior Vice President of <br>Lender Services of Ohio Indemnity Company: $172,200<br><br>Stephen J. Toth, Vice President of Specialty <br>Products of Ohio Indemnity Company: $114,400<br> <br>
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  	Item 9.01 Financial Statements and Exhibits.
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  (d) Exhibits<br><br>10.1  Summary of Bancinsurance Corporation 2007 Fiscal Year Executive Officer Bonus Plan <br><br>
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  	SIGNATURES
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  	Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
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  	Bancinsurance Corporation
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  	&nbsp;&nbsp;
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  <I>
  	December 21, 2006
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  	&nbsp;
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  	By:
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  <I>
  	/s/ Matthew C. Nolan
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  	&nbsp;
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  <I>
  	Name: Matthew C. Nolan
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  <I>
  	Title: Vice President, Chief Financial Officer, Treasurer and Secretary
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	&nbsp;
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  	Description
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  	10.1
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  	&nbsp;
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  <FONT SIZE="2">
  Summary of Bancinsurance Corporation 2007 Fiscal Year Executive Officer Bonus Plan
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_17212.htm", "description": "LIVE FILING", "secsgml_size_bytes": 12042}]
metadata_filer: {"company-data": {"conformed-name": "BANCINSURANCE CORP", "cik": "0000276400", "assigned-sic": "6331", "irs-number": "310790882", "state-of-incorporation": "OH", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-08738", "film-number": "061293941"}, "business-address": {"street1": "250 EAST BROAD STREET", "street2": "10TH FLOOR", "city": "COLUMBUS", "state": "OH", "zip": "43215", "phone": "6142282800"}, "mail-address": {"street1": "250 EAST BROAD STREET", "street2": "10TH FLOOR", "city": "COLUMBUS", "state": "OH", "zip": "43215"}}
text: Bancinsurance Corporation (Form: 8-K)
  UNITED STATES
  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):
  December 15, 2006
  Bancinsurance Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Ohio
  0-8738
  31-0790882
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  250 East Broad Street, 10th Floor, Columbus, Ohio
  43215
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  614-220-5200
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On December 15, 2006, the Compensation Committee of the Board of Directors of Bancinsurance Corporation (the "Company") approved the Company's 2007 Fiscal Year Executive Officer Bonus Plan (the "Plan"). The material terms of the Plan are summarized on Exhibit 10.1 attached hereto and made a part hereof.
  On December 15, 2006, the Compensation Committee also approved discretionary cash bonus awards for the 2006 fiscal year for Si Sokol, Chairman and Chief Executive Officer, and Matthew C. Nolan, Vice President, Chief Financial Officer, Treasurer and Secretary, in the amount of $150,000 and $25,000, respectively, in consideration of their personal performance in connection with the sale of the Company's subsidiary, American Legal Publishing Corporation, on August 31, 2006.   These discretionary bonuses will be paid in lump-sum payments in early 2007 and will be in addition to any bonus awards that Mr. Sokol and Mr. Nolan are eligible to receive under the Company's previously disclosed 2006 Fiscal Year Executive Officer Bonus Plan.
  On December 15, 2006, the Compensation Committee also approved the annual base salaries for the 2007 fiscal year for the Company's Chief Executive Officer, President, Chief Financial Officer, Senior Vice President of Ohio Indemnity Company (a wholly-owned subsidiary of the Company) and Vice President of Specialty Products of Ohio Indemnity Company (the Company's "Named Executive Officers" pursuant to Instruction 4. to Item 5.02 of Form 8-K).  The annual base salaries to be paid to the Named Executive Officers effective as of January 1, 2007 are as follows:
  Si Sokol, Chairman and Chief Executive Officer: $300,000
  John S. Sokol, President: $333,000
  Matthew C. Nolan, Vice President, Chief
  Financial Officer, Treasurer and Secretary: $200,000
  Daniel J. Stephen, Senior Vice President of
  Lender Services of Ohio Indemnity Company: $172,200
  Stephen J. Toth, Vice President of Specialty
  Products of Ohio Indemnity Company: $114,400
  Item 9.01 Financial Statements and Exhibits.
  (d) Exhibits
  10.1  Summary of Bancinsurance Corporation 2007 Fiscal Year Executive Officer Bonus Plan
  Top of the Form
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the
  	registrant has duly caused this report to be signed on its behalf by the
  	undersigned hereunto duly authorized.
  Bancinsurance Corporation
  December 21, 2006
  By:
  /s/ Matthew C. Nolan
  Name: Matthew C. Nolan
  Title: Vice President, Chief Financial Officer, Treasurer and Secretary
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  10.1
  Summary of Bancinsurance Corporation 2007 Fiscal Year Executive Officer Bonus Plan