Oklahoma Ins-urance Commiss-ioner Kim Holland has ordered Dan Lyon to stop conducting unauthorized business involving insurance in Oklahoma.
The commissioner’s order states that Lyon provided a surety bond that may be illegal to guarantee performance of a construction contract with Edmond Public School District. It also directs companies and individuals associated with Lyon, including Shonto Surety Inc., Belfort Bancorp Inc., Carter Green, Karen Willliams, M. Tyndall and Regal Diversified Inc. to cease conducting insurance business in Oklahoma. Belfort Bancorp Inc. and Regal Diversified Inc. purportedly provided financial backing for the surety bond.
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