The board shall (1) issue licenses to qualified applicants;
(2) adopt regulations (A) requiring that continuing education requirements be satisfied before a license is renewed;
(B) establishing a code of professional ethics that a licensee must observe;
(C) establishing standards of practice for social work performed by a licensee; and
(D) establishing standards for supervisors and for supervision that is required for licensure under AS 08.95.110(a);
(3) adopt regulations necessary to carry out the duties and purpose of this chapter.