What must the debtor be provided if the named insurer does not accept the risk?

The correct answer is that the debtor must be provided with a refund of premiums paid if the named insurer does not accept the risk. When an insurer denies coverage based on the assessment of risk, it is essential that the debtor is made whole by receiving any premiums they have already paid. This practice is rooted in fairness and ensures that the debtor is not financially burdened for a policy that they cannot benefit from due to the insurer's decision to decline coverage.

Providing a refund maintains trust in the insurance system and upholds regulatory standards meant to protect consumers. Communication about the decision to decline coverage is also important, and while notice of denial and information on alternative options may be delivered, the key requirement in this situation centers on the debtor receiving their premium back.