(a) The commissioner shall issue a license to an applicant the commissioner determines is qualified, without regard to:
(1) the state of domicile or residence of the applicant; or
(2) the location of the applicant's place of business.
(b) The commissioner shall grant or deny a license to an applicant not later than the 60th day after the date the commissioner receives the application.
(c) A license issued under this subchapter remains in effect until the commissioner suspends or revokes the license.