(a) the applicant has a current and valid license in his or her home state and is in good standing in his or her home state;
(b) the applicant has submitted a completed application in the form prescribed by the superintendent or submitted the application for licensure submitted to his or her home state;
(c) the applicant has paid the fees required by this chapter; and
(d) the applicant's home state awards nonresident insurance producer licenses to residents of this state on the same basis as provided in this subsection.