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Current as of January 01, 2024 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 151.003. Information Required to Be Provided by Principal Before Entering Construction Contract - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-151-003/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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