The department shall issue a license to an individual to engage in business as an agent if the department determines that the individual:
(1) is at least 18 years of age;
(2) has passed the licensing examination required under this code within the past 12 months;
(3) has not committed an act for which a license may be denied under Subchapter C, Chapter 4005; and
(4) has submitted the application, appropriate fees, and any other information required by the department.