1. (a) Subject to the hearing provisions of Title 2 of this article, the Commissioner may deny a registration to an applicant or refuse to renew, suspend, or revoke the registration of a registrant if the applicant or registrant:

   1. (1) makes a material misstatement in an application for registration;
   2. (2) fraudulently or deceptively obtains or attempts to obtain a registration for the applicant or registrant or for another;
   3. (3) has been convicted of a felony or of a misdemeanor involving moral turpitude;
   4. (4) in connection with the administration of a plan or with activities on behalf of a life insurer, commits fraud or engages in illegal or dishonest activities; or
   5. (5) violates any provision of this subtitle or a regulation adopted under it.
2. (b) This section does not limit any regulatory power of the Commissioner under Title 2 of this article.

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2019, c. 100, § 1, eff. Oct. 1, 2019.

Formerly Art. 48A, § 692.