Section 58-17E-14 - Nonrenewal, suspension, or revocation of registrationThe director may suspend the authority of a discount medical plan organization to enroll new members or refuse to renew or revoke a discount medical plan organization's registration if the director finds that any of the following conditions exist:
(1) The discount medical plan organization is not operating in compliance with this chapter;(2) The discount medical plan organization has advertised, merchandised, or attempted to merchandise its services in such a manner as to misrepresent its services or capacity for service or has engaged in deceptive, misleading, or unfair practices with respect to advertising or merchandising;(3) The discount medical plan organization is not fulfilling its obligations as a discount medical plan organization; or(4) The continued operation of the discount medical plan organization would be hazardous to its members.