Suspension or revocation of authority to do business.

The Commissioner may, after hearing, suspend or revoke the right to do business or the certificate of authority for any of the following causes: (1) If the corporation is no longer qualified therefor under this chapter; (2) For a violation by the corporation of a provision of this chapter; or (3) Upon any applicable ground under this chapter or any of the chapters specified in § 6309 of this title for which the certificate of authority of an insurer may be suspended or revoked.