1. Each institution may send at most two teams, each team consisting of at most four students.  The four students within one team may work together on problems.  Students may not get help from people on other teams, even if from the same school.
2. Participants must be undergraduate students and currently enrolled at the institution they represent.  This means that the student has not yet earned a bachelor's degree--exceptions for students who are returning back to school to pursue a second bachelor's degree when the first degree was not in a mathematical area may be considered.  A student from abroad who has completed training equivalent to an American bachelor's degree and who is taking solely graduate-level courses in a graduate program will be ineligible
3. Each team must have a faculty sponsor.
4. Calculators comparable to the TI-85 without a symbolic manipulator will be allowed.  Calculators with a symbolic manipulation capability, such as the TI-92 or TI-89+, are not allowed. 
5. The contest will last 2 hours.
6. The Competition Committee is solely responsible for interpreting the rules and for ruling on any unforeseen situation.
7. Cash prizes will be awarded for 1st place, 2nd place and 3rd place teams.

Sample exams from previous years.