Each applicant for a license under this chapter shall show to the commissioner all of the following: (1) that the applicant has the good faith intent to engage in the type of business the license applied for would permit; (2) (a) if a natural person, that the applicant is: (i) competent; and (ii) trustworthy; or (b) if a partnership or corporation, that all the partners, directors, principal officers, or persons having comparable powers are trustworthy; and (3) if a natural person, that the applicant is at least 18 years of age.
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