33-14-203. License revocation -- suspension. The commissioner may revoke or suspend the license of a premium finance company when and if after investigation it appears to the commissioner that:
     (1) a license issued to the company was obtained by fraud;
     (2) there was misrepresentation in the application for the license;
     (3) the holder of the license has otherwise shown himself untrustworthy or incompetent to act as a premium finance company; or
     (4) the company has violated any provisions of this chapter.

     History: En. Sec. 5, Ch. 360, L. 1981.