Subject to § 20-517 of this subtitle, the Fund: may reject an application of insurance if the applicant owes to the Fund an unpaid premium on an expired or canceled policy; at any time may cancel a policy for nonpayment of premiums; or may reject an application of insurance or at any time may cancel a policy if it is found that the driver’s license of the applicant or policyholder is: suspended, unless the suspension is for a first offense under § 16-205.1 of the Transportation Article for driving with an alcohol concentration of 0.08 or more; or revoked. The Fund shall notify the applicant or policyholder promptly after the Fund rejects an application or cancels a policy. If a person does not have a valid license or other privilege to drive a covered vehicle in the State, or is otherwise ineligible to be insured by the Fund, the Fund may issue the appropriate policy with an excluded driver endorsement under § 27-609 of this article. The Fund may cancel a policy if: the temporary registration issued for the covered vehicle under § 13-405 or § 23-107(b) of the Transportation Article has expired; and the covered vehicle is not otherwise validly registered in the State. The cancellation may not take effect until the day after the temporary registration of the covered vehicle expires.