58-22-21. Causes for denial, suspension, revocation, or refusal to renew license. The director may deny, suspend, revoke, or refuse to renew any license issued under this chapter for any of the following causes:

(1) For any cause for which issuance of the license could have been refused had it then existed and been known to the director;

(2) Violation of any laws of this state to bail in the course of dealings under the license issued the licensee by the director;

(3) Material omission, misstatement, misrepresentation, or fraud in obtaining the license;

(4) Misappropriation, conversion, or unlawful withholding of moneys, belonging to insurers or others and received in the conduct of business under the license;

(5) Conviction of, or a plea of guilty or nolo contendere to, a felony or any crime involving moral turpitude;

(6) Fraudulent or dishonest practices in the conduct of business under the license;

(7) Willful failure to comply with, or willful violation of any proper order, rule, or regulation of the director, or the provisions of this chapter;

(8) If, in the judgment of the director, the licensee has, in the conduct of affairs under the license, demonstrated incompetency, or untrustworthiness, or conduct or practices rendering the licensee unfit to carry on the bail bond business or making the licensee's continuance in such business detrimental to the public interest, or that the licensee is no longer in good faith carrying on the bail bond business, or that the licensee is guilty of rebating, or offering to rebate, or unlawfully dividing, or offering to divide such licensee's premiums in the case of professional bondsperson, and for such reasons is found by the director to be a source of detriment, injury, or loss to the public.Source: SL 1966, ch 111, ch 31, § 13; SL 1998, ch 296, § 13.