A person required to obtain a medical waste permit shall, at all times, possess a valid permit for each facility in operation. A medical waste permit shall terminate prior to its expiration date if suspended or revoked pursuant to Section 118350 or, notwithstanding Section 118355, if either of the following occurs:
(a) The permittee sells or otherwise transfers the facility, except as specified in subdivision (b) of Section 118175.
(b) The permittee surrenders the permit to the enforcement agency because the permittee ceases operation.