(a) The department shall approve, deny, or disapprove an application for a certificate of authority to act as an insurer.
(b) If the department determines that the applicant has complied with the law, the department shall approve the application and issue under the department’s seal a certificate of authority to act as an insurer.

(c) On the applicant’s request, the commissioner shall hold a hearing on a denial. Not later than the 30th day after the date of the applicant’s request for a hearing, the commissioner shall request a hearing date.