(1) Every application for a registrant or apprentice license shall provide to the bureau:
(a) the full name and address of the applicant;
(b) one passport-size color photograph of the applicant;
(c) the name of the licensed agency for which the applicant will be an employee, apprentice, or contract registrant, if applicable;
(d) authorization of the licensed agency or licensed agency's designee to employ the apprentice or contract with the registrant, if applicable;
(e) a verified statement of the applicant's experience and qualifications as provided in Section 53-9-108; and
(f) the fee required by Section 53-9-111.
(2) An application for a registrant or apprentice license or renewal shall include a surety bond in the amount of $10,000.
(3) The surety bond required by this section shall:
(a) be in effect throughout the entire licensing period; and
(b) provide that the issuer of the surety bond shall notify the bureau if the surety bond is cancelled or expired.
(4)
(a) The bureau shall cancel a license when the bureau receives notice from the issuer that the surety bond required in Subsection (2) has expired or been cancelled.
(b) The bureau shall notify the licensee and the licensee's sponsoring agent when the bureau cancels a license under Subsection (4)(a).
(c) The bureau may reinstate a license when the licensee:
(i) files proof of a surety bond for the remainder of the license period; and
(ii) pays the reinstatement fee required by Section 53-9-111.