31.04.18.05

.05 Forms — Incorporation by Reference, Summaries, and Omissions.

A. A person filing a statement, form, or notification pursuant to Insurance Article, Title 7, Annotated Code of Maryland, and this chapter may:

(1) Incorporate by reference in an answer or partial answer to:

(a) Information required in previously submitted or current submissions of other filings of statements, forms, or notifications pursuant to Insurance Article, Title 7, Annotated Code of Maryland; and

(b) Information contained in any financial statement, annual report, proxy statement, statement filed with a governmental authority, or any other document provided in previously submitted or current submissions of other filings of statements, forms, or notifications pursuant to Insurance Article, Title 7, Annotated Code of Maryland, provided the document is filed as an exhibit to the submission; and

(2) Provide excerpts of documents to be filed as exhibits if the documents are extensive.

B. Exhibits, documents, information, and all other papers filed as part of the submission of a statement, form, or notification filed within 3 years of the current filing pursuant to Insurance Article, Title 7, Annotated Code of Maryland, and this chapter may be omitted as exhibits for the current filing.

C. References to exhibits, documents, information, and all other papers filed as part of the submission of prior filings shall:

(1) Clearly and concisely identify the material; and

(2) Specifically indicate that such material is to be incorporated by reference for the current filing.

D. Incorporation by reference pursuant to §§A and C of this regulation may not be used if the incorporation would render the submission of a statement, form, or notification pursuant to Insurance Article, Title 7, Annotated Code of Maryland, and this chapter incomplete, vague, or confusing.