A. Inspection. He shall permit at reasonable times inspection of his business and examination of his books and records by authorized officers or employees.

B. Compliance with law. He shall comply with laws, ordinances, and regulations applicable to the licensed business, activity, or property.

C. Display of license. He shall display the license or other insignia given him as evidence of the license in a conspicuous place on the premises, vehicle, or devise to which the license relates. If the license is not so related, the license shall be carried on the licensee's person whenever he is carrying on the licensed activity.

D. Unlawful disposition. The licensee shall not lend or give to any other person his license or license insignia.