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(1) Where the Commission is entitled to take enforcement action against an insurance intermediary, the Commission may issue a directive ordering that the insurance intermediary

(a) cease to act as an insurance intermediary,

(b) cease accepting particular types of business, or

(c) take other action that the Commission considers may be necessary to protect the interests of the insurance intermediary's customers or, in the case of an insurance agent or sub agent, the insurer on whose behalf the agent or sub agent acts.

(2) An insurance intermediary that carries on business in contravention of a directive issued by the Commission under this section commits an offence.