Good cause as stated in §75.31 of this title (relating to Revocation of Certificate of Authority) shall include, but not be limited to, the following:
  (1) a violation of a provision of Texas Transportation Code, Chapter 722;
  (2) a finding that it is not operating an automobile club as defined in the Automobile Club Services Act;
  (3) a finding that it is insolvent;
  (4) a finding that its assets are less than its liabilities;
  (5) a finding that it refuses to submit to an examination by the secretary of state;
  (6) a finding that it is transacting business fraudulently; or
  (7) a finding that any owner, officer, or operating manager is not of good moral character.

Source Note: The provisions of this §75.32 adopted to be effective January 1, 1976; amended to be effective November 6, 1987, 12 TexReg 3915.