(1) The board may refuse to issue or renew a license or permit, or may suspend or revoke a license or permit, impose probationary conditions upon, impose an administrative fine, issue a written reprimand or admonishment, or take any combination of these actions regarding proof of any applicant's, permitee's, or licensee's:
(a) Conviction of a felony, if in accordance with KRS Chapter 335B;
(b) Gross malpractice or incompetence;
(c) Mental or physical health that would endanger public health or safety;
(d) False or deceptive practice or misrepresentation including advertising;
(e) Practicing in an unlicensed salon or in a salon knowing that the salon is not in compliance with this chapter or the administrative regulations of the board promulgated pursuant to this chapter;
(f) Immoral conduct, unprofessional conduct, or a violation of the code of ethics;
(g) Teaching in an unlicensed school or in a school knowing that the school is not in compliance with this chapter or the administrative regulations of the board promulgated pursuant to this chapter;
(h) Failure to comply with the administrative regulations of the board.
(2) Payments in lieu of suspension collected by the board shall be deposited in the State Treasury and credited to the general fund.
(3) The board may require retesting of any licensee upon proper showing of gross malpractice or incompetence on the part of the licensee.