(a) Pursuant to Acts 2005, No. 497 of the regular session of the 85th General Assembly and amended by Acts 2019, No. 701, the Arkansas State Medical Board is empowered to issue an academic license to applicants who meet the following requirements:

1. (1) Be twenty-one (21) years of age;
2. (2) Be of good moral character;
3. (3) Submit a completed application to the Arkansas State Medical Board;
4. (4) Submit a four-hundred-dollar application fee and a one-hundred-dollar licensure processing fee;
5. (5) Be serving as a faculty member in the State of Arkansas under the supervision of a faculty member licensed by the Arkansas State Medical Board at an academic medical program accredited by the Accreditation Council for Graduate Medical Education or the American Osteopathic Association operated in the State of Arkansas and established by and under the control of a medical school located in the State of Arkansas and accredited by an accrediting agency recognized by the United States Department of Education or approved by the Arkansas Higher Education Coordinating Board to seek accreditation by an accrediting agency recognized by the United States Department of Education;
6. (6) Appear personally before the Arkansas State Medical Board together with the sponsoring supervising faculty member physician; and
7. (7) Present to the Arkansas State Medical Board such information as to what department he or she will be practicing medicine and who will be his or her supervisor.

(d)

1. (1) The Arkansas State Medical Board shall issue each academic license for a period of one (1) year.

2. (2) At the end of one (1) year, the academic license issued to a licensee shall lapse and if the physician desires to continue the practice of medicine under the academic license shall:

   1. (A) Submit a completed application to the Arkansas State Medical Board providing such information as the Arkansas State Medical Board requests;
   2. (B) Pay a renewal fee of two hundred twenty dollars ($220); and
   3. (C) If requested, appear in person before the Arkansas State Medical Board, together with the supervising faculty physician of the clinical or educational academic program wherein the applicant will be practicing medicine in the State of Arkansas.