Section 12398 Of Article 4.5. Business Plans From California Insurance Code >> Division 2. >> Part 6. >> Chapter 1. >> Article 4.5.

. The failure of an applicant or licensee to comply with any of the requirements of this article shall be grounds for the denial of an application for a license, the suspension or revocation of an issued license, or other disciplinary action determined by the commissioner, in accordance with procedures prescribed by law therefor.