(a) The pool shall insure a child-care facility and the facility’s officers and employees against liability for acts and omissions under the laws of this state by the officers and employees in their official or employment capacities.
(b) The pool shall provide to a child-care facility that qualifies under this chapter and the plan of operation:
(1) primary liability insurance coverage in an amount not to exceed $300,000; and
(2) excess liability insurance coverage in an amount that the board determines is actuarially sound.
(c) The pool may participate in evaluating, settling, and defending a claim against a child-care facility insured by the pool.
(d) The pool is liable in an amount not to exceed the limit of coverage provided to a child-care facility on a claim made against the facility.