A physician, office, firm, state institution, or professional service corporation may not employ or make use of the services of a physician assistant in the practice of medicine, as defined in 37-3-102, and as provided in this chapter and a physician assistant may not be employed or practice as a physician assistant unless the physician assistant:
(1) is licensed by the board;
(2) has paid to the board the applicable fees required by the board; and
(3) engages in practice for which the physician assistant is educationally prepared and for which the physician assistant has achieved and maintained competency.