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(a) In any case where the Board has suspended or revoked a certificate or a permit or revoked or limited privileges under section 250q or refused to renew a certificate, permit, the Board may, upon application in writing by the person or firm affected and for good cause shown, modify the suspension, or reissue the certificate, permit, or registration or remove the limitation or revocation of privileges under section 250q.
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(b) The Board shall by rule specify the manner in which such applications must be made, the times within which they must be made, and the circumstances in which hearings must be held thereon.
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(c) Before reissuing, or terminating the suspension of, a certificate or permit under this section or of privileges under section 250q, and as a condition thereto, the Board may require the applicant therefor to show successful completion of specified continuing professional education; and the Board may make the reinstatement of a certificate, permit or registration or of privileges under section 250q conditional and subject to satisfactory completion of a peer review conducted in such fashion as the Board may specify.