(1) The commissioner may, after notice and opportunity for a hearing, respond to a violation of a provision of this part 17 by:
(a) Taking disciplinary action against any supervising entity pursuant to section 10-2-801;
(b) Imposing other penalties, including suspending the license of a supervising entity for a violation of this part 17, as the commissioner considers necessary or convenient to carry out this part 17; or
(c) Suspending or revoking the ability of any individual working for or acting on behalf of a self-storage retailer to act under the limited lines self-storage insurance producer license.
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