(a) The commissioner may suspend or revoke a license or order a licensee to revoke the designation of an authorized delegate if:

1. (1) the licensee violates this chapter, or an administrative rule adopted or an order issued under this chapter;
2. (2) the licensee does not cooperate with an examination or investigation conducted by the commissioner;
3. (3) the licensee engages in fraud, intentional misrepresentation, or gross negligence;
4. (4) an authorized delegate is convicted of a violation of a state or federal statute prohibiting money laundering, or violates an administrative rule adopted or an order issued under this chapter, as a result of the licensee's willful misconduct or willful blindness;
5. (5) the competence, experience, character, or general fitness of the licensee, authorized delegate, person in control of a licensee, key individual, or responsible person of the authorized delegate indicates that it is not in the public interest to permit the person to provide money transmission;
6. (6) the licensee engages in an unsafe or unsound practice;
7. (7) the licensee is insolvent, suspends payment of the licensee's obligations, or makes a general assignment for the benefit of the licensee's creditors; or
8. (8) the licensee does not remove an authorized delegate after the commissioner issues and serves upon the licensee a final order that includes a finding that the authorized delegate has violated this chapter.