Which of the following statements is required in advertisements that mention a dollar amount or policy benefits?

When advertisements include a dollar amount or policy benefits, it is essential to inform consumers about the exceptions, reductions, and limitations that may affect the basic provisions of the policy. This requirement ensures that potential policyholders have a clear understanding of what they might not be covered for and helps prevent any misunderstandings or misconceptions regarding the benefits being stated. By including this information, advertisements promote transparency and allow consumers to make informed decisions based on the full context of their potential policy's benefits and limitations.

The other statements do not address the critical need for full disclosure in terms of policy provisions. For instance, while the approval date or author of the advertisement might be relevant for accountability and credibility, they do not directly inform consumers about how the stated dollar amounts or benefits may actually apply to them. Thus, it is the requirement for clarity regarding policy exceptions, reductions, and limitations that stands out as most relevant in this context.