1. Except as otherwise provided in subsection 2, notwithstanding any other provision of law, a person may not be appointed as a member of a regulatory body if the person has served as a member of that regulatory body, or at the expiration of his or her current term if he or she is so serving will have served, 12 years or more at the time of his or her appointment.
2. The provisions of subsection 1 do not apply to a person who has served as a member of a regulatory body which has less than 250 licensees.