It says on the tool tip when you rollover it that it will warn you on the opening of a file - not the placement of a file.
yah, I saw that too.
Kind of splitting straws, eh?
There's no policy that controls the "placement" of files. And certainly no policy that assigns profiles to untagged files when "placing"....or is there?
I mean, splitting hairs...LOL
I've probably drawn erroneous conclusions based on my approach, so I will begin a new discussion I believe to be more on point.
See "Retain original color space profiles - tagged AND untagged in ID documents"