(a) The commissioner may revoke or suspend the certificate of authority of a motor club whenever, after a hearing in accordance with the procedure provided in Section 701, he finds that any of the following circumstances exist:
1. The club has violated any provision of this part.
2. It or its officers refuse to submit to an examination, as provided for in Section 12169.
3. It is transacting business fraudulently.
4. It is no longer able to qualify for issuance to it of a certificate of authority as a motor club.
(b) The commissioner may give notice of such revocation or suspension to the public in such manner as he deems proper.
(c) All of the provisions of Article 14 (commencing with Section 1010) of Chapter 1 of Part 2 of Division 1 of this code not inconsistent with this part shall apply to motor clubs.
For the purpose of this part, “insolvency” means that a club’s assets are less than its liabilities.
(Added by Stats. 1969, Ch. 858.)