Final answer:
The phrase 'this is a limited policy' is a declaratory statement, used in insurance policies to provide a broad overview of the policy's constraints or limitations.
Step-by-step explanation:
The statement that Brad read on the first page of his health insurance policy, 'this is a limited policy,' is typically known as a declaratory statement. This statement is used to provide policyholders with a broad overview or summary of their policy in simplistic terms. In this case, it conveys the information about the limitations inherent in Brad's health insurance policy. These limitations could pertain to the types of medical services covered, the length of coverage, or the total amount the policy will pay.
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