(1) A class 5 alternative license is valid for a term of three years, is not renewable and may not be reinstated.

(2) An applicant for a class 5 alternative license must sign and file with the superintendent of public instruction a plan of professional intent leading to the class 1, 2, 3 or 6 license within three years of the date of the alternative license.

(3) A class 5 alternative license is available with any endorsement normally allowed for class 1, 2, 3 or 6 licenses.