The Authority:

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1.  Shall revoke or suspend, pursuant to the provisions of this chapter, the certificate of public convenience and necessity of a common motor carrier which has failed to:

(a) File the annual report required by NRS 706.167 within 60 days after the report is due; or

(b) Operate as a carrier of intrastate commerce in this State under the terms and conditions of its certificate, unless the carrier has obtained the prior permission of the Authority.

2.  May revoke or suspend, pursuant to the provisions of NRS 706.2885, the certificate of public convenience and necessity of a common motor carrier which has failed to comply with any provision of this chapter or any regulation of the Authority adopted pursuant thereto.