(a) the extent to which the interests of the policyholders and others who have a claim on the licensee would be best served by the cancellation of the license;

(b) the extent to which other supervisory penalties could reasonably be expected to achieve the BMA's desired supervisory objectives;

(c) the extent to which the transfer of all or part of the existing portfolio has, or could be, transferred to other insurance licensees as a going concern;

(d) the extent to which it is not possible to continue the operations under administration or new management, for instance because of insolvency or the presence of systemic fraud; and

(e) the extent to which the licensee has been involved in financial crime or other criminal conduct.