(a) The commissioner shall revoke or suspend the certificate of authority issued to any mechanical breakdown insurance organization under W.S. 26-37-106 if after a hearing in accordance with W.S. 26-2-125 through 26-2-129, he finds the organization:
(i) Violates any provision of this chapter or chapter 13 of this code;
(ii) Is insolvent;
(iii) Has assets less than its liabilities;
(iv) Refuses or any officer refuses to submit to an examination; or (v) Is transacting business fraudulently.
(b) The commissioner shall give public notice of any revocation or suspension under this section in a manner he deems proper.