(a) The Commissioner may suspend, revoke, or refuse to renew a limited lines license issued under this subtitle after notice and opportunity for a hearing under Title 2, Subtitle 2 of this article if the self-service storage producer or an employee or authorized representative of the self-service storage producer who offers or sells limited lines insurance on behalf of the self-service storage producer has:
(1) willfully violated this article or another law of the State that relates to insurance;
(2) operated without a limited lines license as required under this subtitle;
(3) failed to provide the disclosures required under § 10-806 of this subtitle;
(4) offered or sold unapproved insurance products;
(5) failed to train employees or authorized representatives as required under § 10-808 of this subtitle; or
(6) misrepresented pertinent facts or policy provisions concerning a policy for a self-service storage facility.
(b) Instead of, or in addition to, suspending or revoking a limited lines license issued under this subtitle, the Commissioner may:
(1) impose on the self-service storage producer a penalty of not more than $2,500 for each violation of this subtitle; and
(2) require that restitution be made to any person who has suffered financial injury because of a violation of this subtitle.