Subject to the hearing provisions of Title 2 of this article, the Commissioner may deny a registration to an applicant or refuse to renew, suspend, or revoke the registration of a registrant if the applicant or registrant: makes a material misstatement in an application for registration; fraudulently or deceptively obtains or attempts to obtain a registration for the applicant or registrant or for another; has been convicted of a felony or of a misdemeanor involving moral turpitude; in connection with the administration of a plan or with activities on behalf of a life insurer, commits fraud or engages in illegal or dishonest activities; has violated this article or another law of the State that relates to insurance; or knowingly fails to comply with a regulation adopted by or an order of the Commissioner. This section does not limit any regulatory power of the Commissioner under Title 2 of this article.