The department may suspend or revoke a discount medical card program organization's registration or order compliance if the department finds any of the following:

1. (1) The discount medical card program organization is not in compliance with this article.
2. (2) The discount medical card program organization is not in compliance with the financial requirements of IC 27-17-9 .

3. (3) The discount medical card program organization has:

   1. (A) advertised, marketed, or attempted to market the discount medical card program organization's services in such a manner as to misrepresent the discount medical card program organization's services or capacity for service; or
   2. (B) engaged in deceptive, misleading, or unfair practices with respect to advertising or marketing.
4. (4) The discount medical card program organization is not fulfilling the discount medical card program organization's obligations as a discount medical card program organization.
5. (5) The continued operation of the discount medical card program organization would be hazardous to the discount medical card program organization's cardholders.

As added by P.L.73-2006, SEC.3.