(a) Upon receipt of such notice of objection (form A-1), the psychologist may request arbitration by notifying the chair in accordance with the following:

If the psychologist wishes to arbitrate the bill, he or she shall complete and sign the request for arbitration and forward it to the Psychology Practice Committee, together with a check to the order of the Chair, Workers' Compensation Board, in the sum of $5 as a minimum expense fee. Notwithstanding any provision in this section to the contrary, upon application of the psychologist, the chair may for good cause shown excuse the psychologist for delay in filing the request for arbitration, and schedule the disputed bill for arbitration.

(b) Failure of the psychologist to render a bill to the employer or carrier within 90 days from the last day of the month in which services were rendered shall be deemed to be a waiver of the right to arbitrate the bill. Notwithstanding any provision in this section to the contrary, upon application of the psychologist, the chair may for good cause shown excuse the psychologist for the delay in submitting such bill to the carrier, and schedule the disputed bill for arbitration.