A registered nurse who has completed a program for preparation of nurse anesthetists and who has applied to take a national certifying examination acceptable to the Board may practice as a nurse anesthetist graduate before certification in the State, on approval of the Board, if the nurse: Has a current license or multistate privilege to practice registered nursing in the State; Submitted in full the application for State certification as a CRNA; Paid all fees established by the Board; Completed a nurse anesthetist program approved by the Board; Practices under the supervision of an anesthesiologist or CRNA and the supervisor is on site and immediately available to the nurse anesthetist graduate; Provides the Board a copy of the admission document to the national certification examination which must be taken not later than 6 months after program completion; and Immediately notifies the Board and the supervising anesthesiologist or CRNA of the results of the certification examination. A nurse anesthetist graduate who fails the national certification examination shall immediately cease practice as a nurse anesthetist graduate.