Sec. 3. If the committee determines that: (1) an individual possesses a valid license from another jurisdiction authorizing the individual to perform acts for which a license is required under this chapter; and (2) the jurisdiction issuing the license imposes requirements on license applicants that are substantially equal to the requirements imposed on applicants for an Indiana license; the committee may issue to the individual, upon payment of the licensure fee, a license to perform in Indiana the acts referred to in subdivision (1).
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