Each application for a license to operate a school shall contain the following commitments:
1. To conduct the school in accordance with all applicable regulations of the Board;
2. To permit the Board or Department to inspect the school or classes being conducted therein at any time and to make available to the Board or Department, when requested to do so, all information pertaining to the activities of the school required for the administration of this chapter, including its financial condition;
3. To advertise the school at all times in a form and manner that will be free from misrepresentation, deception or fraud and to conform to regulations of the Board governing such advertising;
4. To see that all representations made by an agent of the school shall be free from misrepresentation, deception or fraud and shall conform to regulations of the Board governing such misrepresentations;
5. To display the current license prominently where it may be inspected by students, visitors and the Board or Department; and
6. To maintain all premises, equipment and facilities of the school in an adequate, safe and sanitary condition.