To be eligible for licensure as a naturopathic physician, an applicant shall satisfy all the following:
(1) Have been granted a degree of doctor of naturopathic medicine, or a degree determined by the Director to be essentially equivalent to such degree, from an approved naturopathic medical college.
(2) Be physically and mentally fit to practice naturopathic medicine.
(3) Pass a licensing examination approved by the Director by rule, unless the applicant is exempt from examination pursuant to section 4129 of this chapter.
(4) [Repealed.]