(a) The commissioner may after a hearing suspend or revoke the certificate of authority of any title insurer which:
(1) After ten days' written notice from the commissioner requiring it so to do, fails to print, display, and make available to the public its schedule of fees and charges in the manner provided in section 431:20-120.
(2) After ten days' written notice from the commissioner requiring it to cease and desist, continues to pay any commission or to make any rebate in wilful violation of section 431:20-118.
(b) The hearings shall be conducted in accordance with section 431:20-103(3) and the commissioner shall have all the powers granted therein.