(a) When employment of an employee licensee is terminated, whether voluntary or involuntary, the fire equipment distributor shall notify the Office, in a manner prescribed by the Office, of the termination within 5 business days. The failure to timely notify the Office of the termination shall subject the fire equipment distributor to discipline under this Act. The license of any employee licensee whose employment with a fire equipment distributor is terminated shall automatically become inactive immediately upon the termination, and the individual shall not be authorized to practice until the individual holds a valid employee license.
     (b) Beginning July 1, 2023, if a licensee fails to meet the requirements of Section 40, the license shall automatically be suspended. A license suspended under this Section may be reinstated upon meeting the requirements of Section 40, submission of a reinstatement application, and payment of a reinstatement fee.