360. The Inspector General may suspend or cancel the certificate of an insurance agent or claims adjuster:(a) who or which no longer complies with the conditions prescribed;
(b) who or which has been dishonest or negligent in the carrying on of his or its occupation or activities;
(c) who or which has been convicted of an indictable offence in connection with the occupation of insurance agent or claims adjuster, as the case may be;
(d) who or which contravenes this Act or the regulations.