The commissioner, after notice and hearing, may rescind approval to operate as a risk-assuming health benefit plan issuer if the commissioner finds that the issuer:
(1) is not financially able to support the assumption of risk from issuing coverage to small employers without the protection provided by the system;
(2) has failed to market fairly to all small employers in the state or in the issuer’s established geographic service area; or
(3) has failed to provide coverage to eligible small employers.