(a) A medical peer review committee or health care entity shall report in writing to the board the results and circumstances of a medical peer review that:
(1) adversely affects the clinical privileges of a physician for a period longer than 14 days;
(2) accepts a physician's surrender of clinical privileges either:
(A) while the physician is under an investigation by the medical peer review committee relating to possible incompetence or improper professional conduct; or
(B) in return for not conducting an investigation or proceeding relating to possible incompetence or improper professional conduct; or
(3) adversely affects the membership of a physician in a professional society or association, if the medical peer review is conducted by that society or association.
(b) The duty to report under this section may not be nullified through contract.