Section 856 - Denial, suspension, revocation of or refusal to renew licenseThe commissioner may deny initial issuance of, suspend, revoke, or refuse to renew any appraiser's license for any cause specified in any other provision of this act, or for any of the following causes:
(1) For any cause for which issuance of the license could have been refused had it been existent and been known to the commissioner.(2) If the licensee wilfully violates or fails to comply with or knowingly participates in the violation of or failure to comply with any provision of this act or any rule or regulation promulgated thereunder.(3) If the licensee has obtained or attempted to obtain any such license through wilful misrepresentation or fraud, or has failed to pass any examination required under this act.(4) If the licensee has, with intent to deceive, materially misrepresented the terms or effect of any insurance contract; or has engaged or is about to engage in any fraudulent transaction.(5) If the licensee has been convicted, by final judgment, of a felony.(6) If in the conduct of his affairs under the license, the licensee has shown himself to be, and is so deemed by the commissioner, incompetent, or untrustworthy, or a source of injury and loss to the public.1972, Dec. 29, P.L. 1713, No. 367, § 6, effective 1/1/1973.