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.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
Security First the Latest in Florida to Announce Home Insurance Rate Cut 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Rotting Apple: Berkley Explains Property Market, Company Appetite 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud From This Issue
