Section 11. The commissioner may suspend, revoke or refuse to renew any club agent's registration, if he finds that the club agent: (a) has violated any of the provisions of this chapter; (b) has misappropriated or converted to his own use or has illegally withheld monies required to be held in a fiduciary capacity; (c) has materially misrepresented the terms or effects of any contract or has engaged in any fraudulent transaction; (d) has shown himself to be incompetent, untrustworthy or a source of injury and loss to the automobile-club-service-buying public; (e) has been convicted of a crime involving fraud or dishonesty.
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