(a) The commissioner may refuse to issue a license under this article if the applicant or any principal of the applicant that is a business entity has:

1. (1) Had a license or registration issued under prior law or this article canceled by the commissioner for cause;
2. (2) Had a motor fuel license or registration issued by another state canceled for cause;
3. (3) Had a federal certificate of registry issued under section 4101 of the Internal Revenue Code, or a similar federal authorization, revoked;
4. (4) Been convicted of any offense involving fraud or misrepresentation; or
5. (5) Been convicted of any other offense that indicates that the applicant may not comply with this article if issued a license.