A scheme policy will normally be restricted to which of the following?

A scheme policy is typically designed to provide insurance coverage tailored for specific groups or professions, often referred to as an affinity group. This structure allows insurers to offer policies that meet the unique needs and risks associated with that particular occupation or group. By focusing on a distinct sector, these policies can provide relevant coverage options that might not be available in standard policies, leading to more competitive terms and conditions.

The nature of scheme policies means they can efficiently assess risks and provide targeted protection. This often results in enhanced premiums, coverage limits, and specialized support services that are aligned with the characteristics of the affinity group, contributing to a more comprehensive understanding of the insured entity's risk profile. Such customization is fundamental to the success of scheme policies in the insurance market.

The other options refer to different aspects of insurance policies that do not specifically align with the core characteristics of scheme policies. For instance, geographic restrictions may apply to various insurance types but aren't uniquely defining for scheme policies. Similarly, while frequency of claims and regulatory requirements are vital factors in insurance, they do not inherently pertain to the foundations of what makes a scheme policy distinctive.