(a) The Director shall immediately suspend, without notice or a hearing, the license or permit of a TTNC that:

(1) does not continuously maintain the insurance coverage prescribed by the Transportation/Taxicab Network Company Services Act;

(2) does not pay the fees owed by the TTNC; or

(3) operates in a manner that poses an immediate or imminent threat to public safety.

(b) When a license or permit of a TTNC is suspended, the TTNC may apply for reinstatement by requesting a public hearing before the Director, and shall establish that the basis for the suspension has been corrected.