A license may not be issued or renewed by the Department unless the applicant has: Applied on a form provided by the Department; Paid the fee that is required for the license being obtained as set forth in Regulation .03C of this chapter; Complied with one of the following options: Posted a surety bond, irrevocable letter of credit, or cash guaranty, as required by Regulation .05 of this chapter, or Filed a financial statement as required by Regulation .06 of this chapter; Provided proof of insurance coverage as required by Regulation .07 of this chapter; and Provided additional financial information when requested by the Secretary.