1. A person may apply to the Board to be licensed as an administrative physician if the person meets all of the statutory requirements for licensure in effect at the time of application except for such requirements as are specified by regulation of the Board.
2. A person who is licensed as an administrative physician pursuant to this section:
(a) May not engage in the practice of clinical medicine;
(b) Shall comply with all of the statutory requirements for continued licensure pursuant to this chapter; and
(c) Shall be deemed to hold a license to practice medicine in an administrative capacity only.