The following material shall be submitted by an organization applying for a special permit to issue charitable gift annuities: Proof of exemption under §501 of the Internal Revenue Code; Description of the organization's activities and number of years of active operation in this State; Copy of the most recent independently audited financial statement; Payout rates proposed to be provided under the charitable immediate and deferred gift annuity agreements; Description of the proposed investment of contributed funds; Copy of the organization's bylaws; Copy of the statement required by Regulation .05A of this chapter; Copy of the organization's forms used as charitable gift annuity contracts; Copies of any solicitation material or descriptive literature proposed to be used with charitable gift annuities; and Other material requested by the Commissioner in order to determine that the applicant is an organization which is eligible for the special permit in accordance with Insurance Article, §16-114(b), Annotated Code of Maryland.