The Board shall reinstate an individual whose license has expired if the individual: Meets the renewal requirements of this chapter and Health Occupations Article, §9-3A-09, Annotated Code of Maryland; Pays the reinstatement fee as specified under COMAR 10.33.05.02D; and Satisfactorily completes the minimum continuing education requirements set forth under COMAR 10.07.14.16C. An assisted living manager who fails to apply for licensure reinstatement within 5 years after the expiration date of the license shall meet the requirements for a new license in effect at the time of the request in order to be licensed to practice as an assisted living manager in the State.