(a) The commissioner shall revoke or suspend the certificate of authority issued to any mechanical breakdown insurance organization under W.S. 26-37-106 if after a hearing in accordance with W.S. 26-2-125 through 26-2-129, he finds the organization: (i) Violates any provision of this chapter or chapter 13 of this code; (ii) Is insolvent; (iii) Has assets less than its liabilities; (iv) Refuses or any officer refuses to submit to an examination; or (v) Is transacting business fraudulently. (b) The commissioner shall give public notice of any revocation or suspension under this section in a manner he deems proper.
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