An applicant for a license under this chapter shall demonstrate to the commissioner that:

1. (1) the applicant has the intent, in good faith, to engage in the practice of a navigator as the license would permit;

2. (2)

   1. (a) if a natural person, the applicant is competent and trustworthy; or

   2. (b) if the applicant is an agency:

      1. (i) the partners, directors, or principal officers or persons having comparable powers are trustworthy; and
      2. (ii) that it will transact business in a way that the acts that may only be performed by a licensed navigator are performed only by a natural person who is licensed under this chapter, or Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries;
3. (3) the applicant intends to comply with the surety bond requirements of Section 31A-23b-207;
4. (4) if a natural person, the applicant is at least 18 years of age; and
5. (5) the applicant does not have a conflict of interest as defined by regulations issued under PPACA.