(1) A residency is approved for purposes of 37-3-102(3), MCA, if the training program meets the following criteria:

(a) is in a hospital or clinic located in the United States; and

(b) has been approved by the Accreditation Council for Graduate Medical Education or the American Osteopathic Association.

(2) Alternatively, a residency is approved if, upon investigation, the board finds that the residency:

(a) is approved by, or affiliated with, the World Health Organization;

(b) carries malpractice insurance; and

(c) requires residents to have sufficient fluency in spoken and written English to practice medicine with reasonable skill and safety.