What is a primary feature of the limited risk policy?

A primary feature of a limited risk policy is that it covers only certain defined risks. This type of insurance is specifically designed to protect against a select range of risks or events, rather than providing comprehensive coverage for all potential scenarios. For instance, a limited risk policy might cover specific diseases or accidents, rather than general health issues or a wide array of risks associated with an individual's overall health.

This selective coverage allows insurers to manage their risk by limiting the scope of the policy, often making it more affordable for consumers, who are looking for targeted protection rather than broad, comprehensive policies.

Other features that might appear appealing, such as not requiring a medical examination or having low premiums with high coverage, typically do not accurately apply to the nature of limited risk policies, which emphasize defined coverage over broad access.