(1) Upon a determination that an application meets the requirements of the act and the rules of the department, the department will issue a specific license authorizing the proposed activity in such form and containing such conditions and limitations as it deems appropriate or necessary.

(2) The department may incorporate in any license at the time of issuance, or thereafter by appropriate rule, regulation, or order, such additional requirements and conditions with respect to the licensee's receipt, possession, use, and transfer of radioactive material subject to this subchapter as it deems appropriate or necessary in order to:

(a) minimize danger to public health and safety or property;

(b) require such reports and the keeping of such records, and to provide for such inspections of activities under the license as may be appropriate or necessary; and

(c) prevent loss or theft of material subject to this subchapter.