In addition to the powers and duties granted to or imposed upon it by other provisions of this chapter, the board shall have the following powers and duties:
(1) Prescribe the minimum curricular and minimum standards for schools of massage therapy and for courses of training that prepare individuals for licensure under this chapter;
(2) Approve such schools and courses as meet the requirements of this chapter and the rules and regulations of the board;
(3) Issue certificates of approval to such schools and courses that meet the requirements of this chapter and the rules and regulations of the board;
(4) Conduct hearings for disciplinary action against schools or courses that fail to meet the minimum requirements of this chapter and the rules and regulations of the board; and
(5) Annually publish passage rates for each school of massage therapy, based upon the results of each student's success in taking a national examination approved by the board. Schools that fail to achieve an overall passing rate of seventy percent (70%) shall be required to submit a remedial plan to be approved by the board.