Applicants for license as bail bondsman or solicitor pursuant to the provisions of the Bail Bondsmen Licensing Law shall:
A. be an individual not less than eighteen years of age;
B. be a high school graduate or have passed a high school equivalency examination;
C. not be a law enforcement, adjudication, jail, court or prosecution official or an employee thereof or an attorney, official authorized to admit to bail or state or county officer;
D. if for license as bondsman, pass a written examination testing the applicant's knowledge and competence to engage in the bail bondsman business;
E. be of good personal and business reputation;
F. if to act as a property bondsman, be financially responsible and provide the surety bond or deposit in lieu thereof as required in accordance with Section 59A-51-8 NMSA 1978;
G. if to act as a limited surety agent, be appointed by an authorized surety insurer; and
H. if for license as a solicitor, have been so appointed by a licensed bail bondsman subject to issuance of the solicitor license.