The Division shall:

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1.  Establish reasonable minimum standards for foster care agencies.

2.  In consultation with foster care agencies and each agency which provides child welfare services, adopt:

(a) Regulations concerning foster care agencies, including, without limitation, a foster care agency which provides family foster care, specialized foster care, independent living foster care or group foster care for children placed by an agency which provides child welfare services or a juvenile court.

(b) Regulations regarding the issuance and renewal of a license to operate a foster care agency.

(c) Any other regulations necessary to carry out its powers and duties regarding the placement of children for foster care, including, without limitation, such regulations necessary to ensure compliance with the provisions of this chapter and any regulations adopted pursuant thereto.