Denial of registration

(a) Upon receipt of a completed application and fee, the commissioner shall: (1) Issue and deliver to the applicant a registration to engage in the business for which the application was made; or (2) refuse to issue the registration. (b) Upon refusal to issue or renew a registration the commissioner shall notify the applicant of the denial and of his right to request in writing a hearing within ten days from the date of receipt of the notice of denial. (c) In the event the applicant requests in writing a hearing within such ten days, the commissioner shall give notice of the grounds for his refusal and shall conduct a hearing concerning such refusal in accordance with the provisions of chapter 54 of the general statutes concerning contested matters. (d) In the event the commissioner's denial of a registration is sustained after such hearing, an applicant may make new application not less than one year after the date on which such denial was sustained.