If an investment adviser representative's registration is terminated, the individual shall complete the investment adviser representative continuing education requirements for all reporting periods that occurred between the time that the investment adviser representative's registration is terminated and when the individual became registered again under IC 23-19-4 unless the investment adviser representative:

1. (1) passes the applicable examination described in section 3(b) of this chapter; or
2. (2) receives an examination waiver under section 3(c) through 3(e) of this chapter.

As added by P.L.41-2026, SEC.7.