The Fund may refuse to accept further applications from a fund producer or may terminate the authority of the fund producer to bind coverage or both if: the Fund finds that the fund producer has engaged in the practice of binding coverage in the Fund in violation of policies adopted by the Board of Trustees; or after demand has been made by the Fund, the fund producer fails to pay money owed the Fund as a result of: the binding or change of coverage; or a commission paid to the fund producer on a policy that is canceled after the effective date of coverage.