Violations; revocation of authority; removal from register. If the Director of the Department of Consumer and Business Services determines that a travel retailer has violated any provision of ORS 744.101 to 744.121, the director may, in addition to imposing any penalties authorized under the Insurance Code, direct the limited lines travel insurance producer to implement a corrective action plan with the travel retailer or

(1) Revoke any authorization the travel retailer has from the limited lines travel insurance producer to transact insurance on behalf of, and under the license of, the limited lines travel insurance producer; and

(2) Remove the travel retailer from the register described in ORS 744.104 (4)(b). [Formerly 744.107]