Which of the following best describes a "monoline" insurance policy?

A "monoline" insurance policy is defined as a policy that provides coverage for only one type of risk or insurance. This means it focuses solely on a particular area of exposure, rather than offering protections across multiple categories. For example, a monoline auto insurance policy would provide coverage only for vehicles, without bundling in other types of coverage such as homeowners or life insurance.

When considering the other options, those describe different concepts. A policy covering multiple risks would be classified as a "multiline" policy, which combines different types of coverage into one package. A policy with bundled features is also characteristic of multiline policies, which offer a variety of coverages under a single agreement. A general liability provision refers specifically to insurance that protects against claims of bodily injury or property damage, which again does not define a monoline policy, as it can be part of a more complex or comprehensive insurance structure.

Understanding that a monoline insurance policy targets a single coverage type helps clarify how it differs from bundled or multiline offerings, thus making the selected answer the most appropriate choice.