(a) To qualify for a license, an applicant shall meet the requirements of this section and any regulations adopted under this section.

(b) If the applicant is an entity, the entity shall appoint a member of the entity as the representative member to make the application on behalf of the entity.

(c) An individual applicant or, if the applicant is an entity, the representative member shall:

(1) Have at least 2 years of experience as a full-time marine contractor or demonstrate similar contractor experience;

(2) Pass a written marine contractor test recognized by the Board;

(3) Have a federal tax identification number; and

(4) Carry:

(i) Commercial general liability insurance with a $300,000 total aggregate minimum; and

(ii) Workers’ compensation insurance, unless exempt by law.