A contract requires the General Contractor to have a $1,000,000.00 general liability policy. The Contractor has a General liability policy for $500,000.00 and an Umbrella policy for $1,000,000.00. Which of the following statements is true?

A contract requires the General Contractor to have a $1,000,000.00 general liability policy. The Contractor has a General liability policy for $500,000.00 and an Umbrella policy for $1,000,000.00. Which of the following statements is true?