(2) The board may reinstate a lapsed license upon completion of a renewal application and payment of all past renewal and delinquency fees, subject to the board’s discretion as described in subsection (3) of this section.
(3) If a person’s license to practice as a physical therapist or physical therapist assistant has lapsed for an amount of time specified by the board by rule, in order to have the license reinstated, the person shall meet the requirements for initial licensure and demonstrate, to the satisfaction of the board, competence to practice physical therapy or as a physical therapist assistant by one or more the following:
(a) Under any reasonable licensure conditions imposed by the board, completing a supervised clinical practice as prescribed by the board by rule;
(b) Completing, or demonstrating completion of, continuing competence that was required during the period of lapse;
(c) Passing an examination required by the board; or
(d) Providing proof of licensed practice as a physical therapist or physical therapist assistant in another jurisdiction during the period of lapse.