(a)

1. (1) Through consultation with the long-term care industry associations, professional organizations, consumer groups, and health-care management corporations, the Department of Human Services shall maintain a list of receivers.
2. (2) This list shall be updated semiannually.

(b) To be placed on the list, individuals must:

1. (1) Be in good physical health;
2. (2) Demonstrate an understanding or working knowledge of applicable laws and rules; and

3. (3) In addition to subdivisions (b)(1) and (2) of this section, individuals placed on the list shall:

   1. (A) Possess a current, valid Arkansas nursing home administrator’s license;
   2. (B)

(i) Possess a degree in business finance, management, health care or, a related field and one (1) year work experience in the degreed field provided.

1. (ii) An individual not possessing a college degree but having five (5) years of experience in the above fields may substitute such experience for the requisite degree; or

   1. (C) Possess one (1) year of experience in working with the elderly in programs or fields such as patient care, social work, or advocacy and having successfully completed a baccalaureate degree in a management program or field, or possess a license in that program or field, or have two (2) years full-time working experience in the Arkansas long-term care industry in a management capacity.