The state department may deny any application for, or suspend or revoke any license issued under the provisions of this chapter upon any of the following grounds and in the manner hereinafter provided:
(a) Violation by the licensee of any of the provisions of this chapter or of any other law of this state or of the rules and regulations promulgated under this chapter.
(b) Aiding, abetting or permitting the commission of any illegal act.
(c) Misrepresentation of a material fact in the application for a license.