Oklahoma Ins-urance Commiss-ioner Kim Holland ordered Global Bonding to stop conducting unauthorized business involving insurance in Oklahoma. The order states the company violated state law by misleading consumers, construction companies and subcontractors regarding surety bonding for construction projects.
The action resulted from a complaint received by the Oklahoma Insurance Department from a subcontractor working on a construction job for Newcastle Independent School District. An investigation revealed that Global Bonding, a company based in Las Vegas and operated by Robert Joe Hanson, was not licensed to conduct insurance business in Oklahoma.
Global Bonding has also been ordered to cease and desist doing insurance business in Nevada, Texas, Montana, Washington, Georgia and Florida.
Investigators believe the company is targeting small and disadvantaged businesses that sometimes have difficulty obtaining bonding. The Department of the Army issued a Criminal Alert Notice citing Global Bonding and Robert Joe Hanson, with the alias of Dennis R. Lyon, and several other affiliated companies and individuals. Hanson allegedly had submitted fictitious bonds on numerous U.S. government contracts.
Topics Oklahoma
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