(a) The department shall issue an air conditioning and refrigeration contractor license to an applicant who:
(1) submits a verified application;
(2) passes the applicable examination;
(3) meets the requirements of this chapter and rules adopted under this chapter;
(4) pays the required fees; and
(5) provides evidence of insurance coverage required by rule in accordance with this chapter.
(b) A license issued under this chapter expires on the first anniversary of the date of issuance.