Rejection of license application.

If an applicant does not meet the requirements of § 26-1103, the Superintendent [Commissioner] shall: Immediately notify the applicant in writing of this fact; Return the bond filed under § 26-1103; and Refund the license fee. The Superintendent [Commissioner] shall, subject to the appropriations process, keep the investigation fee and application fee. Within 30 days after the Superintendent [Commissioner] denies an application, the Superintendent [Commissioner] shall: Issue a written decision containing the reasons upon which the denial was based; Send a copy of the decision to the applicant; and Advise the applicant of a right to a hearing which shall be held in accordance with subchapter I of Chapter 5 of Title 2. An applicant who seeks a hearing on a license application denial shall file a written request for a hearing within 45 days following receipt of the written decision for denial. A hearing date established in response to the filing of a notice under this subsection may be postponed only once for a period of up to 30 days after the initial hearing date.