The commissioner, after proper notice and opportunity for hearing, may take action to enforce the provisions of this chapter, or rules adopted pursuant to this chapter, and may:
I. Revoke or suspend the obligor's registration.
II. Order the obligor to cease and desist from further consumer guaranty contract operations.
III. Impose a penalty of not more than $1000 for each violation or $10,000 for each violation the commissioner finds to be willful.
IV. Order the obligor to make restitution.