Subject to the provisions of this subsection, the Board may waive the examination and apprenticeship requirements of § 7–303 of this subtitle and issue a mortician or funeral director license to an applicant who is licensed to practice mortuary science or funeral direction in any other state. The Board may grant a waiver under this subsection only if the applicant: Pays the license fee required by the Board under § 7–303 of this subtitle; Was a licensed mortician or funeral director in good standing in the other state; Serves an apprenticeship consisting of 1,000 hours; and Passes the Maryland State written examination administered by the Board. The Board may grant a waiver only if the state in which the applicant is licensed: Grants a similar waiver to licensees of this State; and Has standards for a mortician or funeral director license that are not lower than those of this State.