The director may in its discretion, after reviewing all information pertaining to the applicant or policyholder available from its records, the records of the department, or from other sources: (1) refuse to assign an application; (2) approve the rejection of an application by an insurance carrier; (3) approve the cancellation of a policy of motor vehicle liability, physical damage, and medical payments insurance by an insurance carrier; or (4) refuse to approve the renewal or the reassignment of an expiring policy.
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