Prior to any resumption of the practice of medicine or osteopathy in this State, a physician with an inactive license must notify the Board in writing that he desires to resume practice. The Board may require such information as it deems necessary to be currently advised of the past and present activities of such physician and a hearing may be required if unsatisfactory information is received by the Board. If nonregistration continues for more than six months and the physician is practicing in the State, the penalty shall thereafter be five dollars per day. The Board shall issue an order requiring payment of the penalties, and upon the failure of the physician to remit within thirty days, the Attorney General shall institute an action on behalf of the Board to recover such penalties, which for good cause shown, may be compromised at the sole discretion of the Board. Wilful refusal to comply with this section will subject the person concerned to the provisions of Sections 40-47-250 and 40-47-260.