An application for a specific license will be approved if:
(A) The application is for a purpose authorized by Chapter 3748. of the Revised Code and the rules promulgated thereunder;
(B) The applicant is qualified by reason of training and experience to use the material for the purpose requested in accordance with the rules in this chapter;
(C) The applicant's proposed equipment and facilities are adequate to protect health and minimize danger to life or property;
(D) The applicant's proposed procedures to protect health and to minimize danger to life or property are adequate; and
(E) Where the nature of the proposed activities is such as to require consideration by the director, the applicant is financially qualified to engage in the proposed activities in accordance with the rules in this chapter.