RLI CORP — Director's Dealing 2006

Mar 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2006-03-01

Reporting Person: VIETS ROBERT O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-01	Common Stock	J	301.6581	$53.84	Acquired	30892.747	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2989.83	Direct
Common Stock	20203	Indirect
Common Stock	4170.3595	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$13.95	2007-02-03	Common Stock (1500)	1500	Direct
Stock Option	$16.5938	2009-02-01	Common Stock (3000)	3000	Direct
Stock Option	$19.6	2008-02-02	Common Stock (1500)	1500	Direct
Stock Option	$22.7	2011-02-01	Common Stock (3600)	3600	Direct
Stock Option	$22.75	2012-02-01	Common Stock (1800)	1800	Direct
Stock Option	$27.51	2013-02-03	Common Stock (1800)	1800	Direct
Stock Option	$40.39	2014-02-02	Common Stock (3600)	3600	Direct

Footnotes

F2: Ownership reflects dividend reinvestment.

F3: Ownership reflects dividend reinvestment.

F1: The securities herein were allocated to my account pursuant to the RLI Corp. Directors' Irrevocable Trust Agreement.