A person currently holding an embalmer's license or a funeral director's license or any funeral establishment holding a license on March 3, 1983, shall not be required to make application for, or submit to, an examination, but shall be entitled to a renewal of such a license, upon the same terms and conditions as are herein provided for the renewal of licenses of those who may be licensed after March 3, 1983, and such rules as the State Board of Embalmers, Funeral Directors, Cemeteries, and Burial Services may adopt under this subchapter and § 23-61-1101 et seq.