The Commission shall issue a license to each applicant who meets the requirements of this subtitle. The Commission: may issue a salesperson license only to an individual; and may not issue a salesperson license unless the Commission has received from a licensed contractor written notice, signed by both the licensed contractor and salesperson, of an employment or other contractual relationship between the licensed contractor and salesperson. Except as otherwise provided in subsection (d) of this section, the Commission may not issue a license to an applicant for a contractor license or salesperson license who has been convicted of violating § 8–601 of this title. The Commission may issue a contractor license or salesperson license to an applicant who has been convicted of violating § 8–601 of this title if: the Commission determines that the applicant has settled all outstanding obligations; and 1 year has passed since the date of conviction. The Commission may not issue a contractor license to an applicant unless the applicant has submitted to the Commission proof of compliance with the insurance requirement of § 8-302.1 of this subtitle.