A person shall not, without the permission of the Court, act as or hold himself out to be an insurance intermediary if -
(a) he is adjudged bankrupt, or
(b) he makes a composition or arrangement with his creditors, or
(c) being an insurance intermediary, he fails to meet his financial or legal obligations in relation to any sum of money received by him from or on behalf of a client, or
(d) he is convicted of an offence involving fraud or dishonesty, whether in connection with insurance or not, or
(e) he is or was a director of any company involved in insurance which has been wound up by the Court or by means of a creditors' voluntary winding up, or
(f) he is the subject of an order under section 184 of the Companies Act, 1963.