The bill establishes a new emeritus license for physicians and surgeons, as well as osteopathic physicians and surgeons, who are at least 60 years old and primarily engaged in supervising and training resident physicians. To obtain this license, applicants must submit a form prescribed by the board of medicine. The emeritus license allows the holder to maintain the same scope of practice as they had previously and is valid for three years, with the option for one renewal.

Additionally, the bill stipulates that holders of the emeritus license are exempt from completing continuing education credits to maintain or renew their license. The application and renewal fees for this emeritus license are set at half the cost of the standard fees for practicing medicine and surgery or osteopathic medicine and surgery. The board is also tasked with adopting rules for the implementation of this section, including defining what it means to be primarily engaged in supervising and training resident physicians.