(b) The department may issue an operator's license to a natural person, municipality, or qualified organization that

1. (1) applies on the form provided by the department;
2. (2) pays the annual fee of $500;
3. (3) discloses the identity of persons employed by the applicant in a managerial or supervisory capacity;
4. (4) submits proof of liability insurance satisfactory to the department;
5. (5) posts a bond or security satisfactory to the department in the amount of $25,000 for each permit under which the operator operates up to a maximum of $100,000; and
6. (6) if a natural person, has passed a test formulated by the department on the contents of this chapter and the regulations adopted under this chapter and administered by the department at least four times a year; or, if a municipality or qualified organization, has designated a municipal employee or member of the organization who has passed this test.