5. The commissioner shall approve an application for a license if:
a. The applicant has complied with the requirements of section 4 of this act;
b. The commissioner finds that the financial responsibility, experience, character, and general fitness of the applicant support the belief that the business will be operated honestly and fairly; and
c. The commissioner finds that none of the grounds for revoking or suspending a license set forth in section 19 of this act exist.