If a construction contract requires a person to enroll in a consolidated insurance program, not later than the 10th day before the date a principal enters into the contract with the person, the principal shall provide the following information about the consolidated insurance program to the person:
(1) contact information, including phone number and e-mail address, for:
(A) the program administrator;
(B) the principal’s risk manager; and
(C) the insurer’s contact person for filing a claim for each type of insurance coverage provided in the program;
(2) the criteria for eligibility of enrollment into the program;
(3) a description of the project site covered by the program coverages;
(4) a summary of insurance coverages to be provided to the contractor under the program, including:
(A) the policy form number and issuing organization if the policy is a standardized insurance policy or, if the policy is not standardized, a sample policy form;
(B) per occurrence and aggregate limits of insurance coverages and any sublimits that may apply;
(C) term of coverages for each limit and sublimit, if any; and
(D) any material endorsements to the policy described under Paragraph (A);
(5) a summary of insurance coverages to be provided by the contractor;
(6) instructions on how to include or exclude costs of insurance provided by the program in the person’s proposal for work on the construction project;
(7) a description of the audit or claims procedures related to the program that may result in additional cost to a contractor, including the method of calculation for any assessment charged to a contractor related to the principal’s payment of a policy deductible and any other specific cost amounts; and
(8) a description of a contractor’s duties related to reporting:
(A) payroll and retention of documentation; and
(B) claims and participation in safety inspections and incident reporting.