Sec. 14. A license to operate a hospital, an ambulatory outpatient surgical center, a rural emergency hospital, or a birthing center:
(1) expires:
(A) one (1) year after the date of issuance for:
(i) an ambulatory outpatient surgical center; and
(ii) a birthing center;
(B) beginning May 1, 2020, two (2) years after the date of issuance for a hospital; and
(C) beginning January 1, 2023, two (2) years after the date of issuance for a rural emergency hospital;
(2) is not assignable or transferable;
(3) is issued only for the premises named in the application;
(4) must be posted in a conspicuous place in the facility; and
(5) may be renewed each year, or every two (2) years for a hospital or rural emergency hospital, upon the payment of a renewal fee at the rate adopted by the state department under IC 4-22-2.