(a) The commissioner may suspend, revoke or refuse to renew any mechanical breakdown insurance dealer's license issued under this chapter for any cause specified by this chapter including the following:
(i) A violation or willful participation in a violation of this chapter;
(ii) Obtainment of any license through misrepresentation or fraud;
(iii) Misappropriation, conversion for the use of the licensee or illegal withholding of monies required to be held in a fiduciary capacity;
(iv) Material misrepresentation of the terms or effect of any contract or the engagement in any fraudulent transaction;
(v) A conviction by final judgment of a felony that relates to the mechanical breakdown insurance profession or to the ability to practice as a mechanical breakdown insurance dealer;
(vi) Incompetency, untrustworthiness or a source of injury or loss to the public as demonstrated in the conduct of affairs under a license;
(vii) Misrepresentation of the qualifications of the licensee's representatives;
(viii) Permitting any individual not registered as a representative with the commissioner to act as a representative;
(ix) Any cause of license suspension or revocation provided under W.S. 26-9-211.