Final answer:
Credit accident and health insurance is designed to help a debtor cover loan payments in case they become disabled, not to cover healthcare costs of unemployed individuals or to protect creditors against their own disability.
Step-by-step explanation:
Among the provided options about credit accident and health insurance, the correct statement is that it can be purchased by a debtor to cover payments due on a specific loan while the debtor is disabled. Credit accident and health insurance, often known as credit disability insurance, is designed to make loan payments (up to the contract limit) if the borrower becomes ill or injured and subsequently unable to work, ensuring the debt does not become a burden during a period of reduced income due to health issues. This form of insurance does not cover healthcare costs of unemployed individuals, nor is it exclusive to surplus lines agents. Also, it is not purchased by creditors to guard against their own disability; it is specifically arranged by the borrower.