diff --git a/tools/refgen/security.go b/tools/refgen/security.go
index 91e13e1..3a0535b 100644
--- a/tools/refgen/security.go
+++ b/tools/refgen/security.go
@@ -10,6 +10,9 @@ import (
 	"strings"
 )
 
+// limitsHeading is the README's section on what the model does not protect, beside its open items.
+const limitsHeading = "What this does not protect"
+
 // securityPages writes the security model's rules and its open items from spin's own
 // docs/security/README.md, where code cites each rule at the line that keeps it and a gate fails
 // the build when one is broken. A page that restated them went stale within a week of being
@@ -53,6 +56,12 @@ func securityPages(spin, commit string) (map[string][]byte, error) {
 		"[its rules](/reference/security/rules/).\n", source, commit[:9])
 	gaps.Write(bytes.TrimRight(open, "\n"))
 	gaps.WriteString("\n")
+	// Older tags have no such section: the page is built from whichever tag the site documents.
+	if limits := section(raw, "## "+limitsHeading); limits != nil {
+		gaps.WriteString("\n## " + limitsHeading + "\n")
+		gaps.Write(bytes.TrimRight(limits, "\n"))
+		gaps.WriteString("\n")
+	}
 
 	return map[string][]byte{
 		filepath.Join("security", "rules.md"):      []byte(rules.String()),
diff --git a/tools/refgen/security_test.go b/tools/refgen/security_test.go
new file mode 100644
index 0000000..e1e8f67
--- /dev/null
+++ b/tools/refgen/security_test.go
@@ -0,0 +1,51 @@
+package main
+
+import (
+	"os"
+	"path/filepath"
+	"strings"
+	"testing"
+)
+
+// The known gaps are the README's open items and, where its tag has the section, what the model does
+// not protect: a limit moved between the two stays on the page.
+func TestKnownGapsCarryWhatTheModelDoesNotProtect(t *testing.T) {
+	const rules = "| I1 | a rule | keeps | gate |\n"
+	for name, tc := range map[string]struct {
+		readme string
+		want   []string
+	}{
+		"with the section": {
+			readme: rules + "\n## Open\n\n- an open item\n\n## What this does not protect\n\n- a limit\n\n## Next\n\nelse\n",
+			want:   []string{"- an open item", "## What this does not protect", "- a limit"},
+		},
+		"without it": {
+			readme: rules + "\n## Open\n\n- an open item\n",
+			want:   []string{"- an open item"},
+		},
+	} {
+		t.Run(name, func(t *testing.T) {
+			spin := t.TempDir()
+			path := filepath.Join(spin, "docs", "security", "README.md")
+			if err := os.MkdirAll(filepath.Dir(path), 0o755); err != nil {
+				t.Fatal(err)
+			}
+			if err := os.WriteFile(path, []byte(tc.readme), 0o644); err != nil {
+				t.Fatal(err)
+			}
+			pages, err := securityPages(spin, "0123456789abcdef")
+			if err != nil {
+				t.Fatal(err)
+			}
+			page := string(pages[filepath.Join("security", "known-gaps.md")])
+			for _, want := range tc.want {
+				if !strings.Contains(page, want) {
+					t.Errorf("the page does not say %q:\n%s", want, page)
+				}
+			}
+			if strings.Contains(page, "else") {
+				t.Errorf("the page runs past its sections:\n%s", page)
+			}
+		})
+	}
+}