(a) The commissioner shall approve, deny, or disapprove an application for an initial certificate of authority that meets the requirements of § 846.053 not later than the 60th day after the date on which the application is filed.
(a-1) 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.

(b) An initial certificate of authority is a temporary certificate issued for a one-year term.
(c) On receipt of the initial certificate of authority, the multiple employer welfare arrangement shall begin business.