To qualify for supervision and examination, the applicant shall satisfy the Commissioner that the applicant:
(1) Is trustworthy and reputable;
(2) Has a good business reputation; and
(3) Has sufficient business experience, moral character, financial responsibility, and genuine fitness to:
(i) Command the confidence of the public; and
(ii) Warrant the belief that the business will be operated lawfully, honestly, fairly and efficiently.
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