(a) The board of trustees shall designate a medical board composed of three physicians.
(b) To be eligible to serve as a member of the medical board, a physician must be licensed to practice medicine in the state and be of good standing in the medical profession. A physician who is eligible to participate in the retirement system may not be a member of the medical board.
(c) The medical board shall:
(1) review all medical examinations required by this subtitle;
(2) investigate essential statements and certificates made by or on behalf of a member of the retirement system in connection with an application for disability retirement; and
(3) report in writing to the board of trustees its conclusions and recommendations on all matters referred to it.