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.
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