The certificate of authorization referred to in Code Section 33-18-8 shall be applied for and renewed annually by the Commissioner. Upon application for renewal, a medical service corporation shall not be required to furnish the documents enumerated in Code Section 33-18-8. The Commissioner shall not renew a certificate and shall be authorized to revoke a certificate upon the failure of the medical service corporation to comply with this chapter. Due notice and opportunity to be heard on the question of refusal to renew a certificate or revocation of a certificate shall be given by the Commissioner.