(a) A physical therapist or physical therapist assistant licensed under this part shall renew such person's license as specified in the rules. An individual who fails to renew the license by the date of expiration shall not practice physical therapy or function as a physical therapist assistant in this state.

(b) Each licensee shall report to the division a name change and changes in business and home address within thirty (30) days of the change.

(c) Any person licensed by the board to practice in this state who has retired or may retire from such practice in this state is not required to register as required by this part if such person files with the board an affidavit on a form to be furnished by the board, which affidavit states the date on which the person retired from such practice and any other facts as the board considers necessary that tends to verify such retirement. If such person thereafter reengages in practice in this state, such person shall apply for licensure with the board as provided by this part and shall meet such continuing education requirements that are established by the board, except for good and sufficient reasons as determined by the board.

(d) Any person licensed by the board may place their license on inactive status by filing the proper forms with the board and by paying a biennial fee in accordance with rules. If such person thereafter reengages in active practice in this state, such person shall apply for relicensure with the board as provided by this part and shall meet such continuing education requirements as are established by the board, except for good and sufficient reasons as determined by the board.

(e) A licensee who has been continuously licensed in this state since 1960 and who is at least seventy-one (71) years of age shall be exempt from any continuing education requirements imposed by the board under this chapter.