The department may issue a license to a person if the person
- (1) has good character;
- (2) has the experience to engage in business as a pawnbroker;
- (3) is fit to engage in business as a pawnbroker;
- (4) submits an application as required by the department under AS 08.01.060; and
- (5) pays a fee established by the department under AS 08.01.065.