(a) "Basic hospital expense coverage" is a policy of accident and health insurance that provides coverage for a period of not less than thirty-one (31) days during any continuous hospital confinement for each person insured under the policy for expense incurred for necessary treatment and services rendered as a result of accident or sickness for at least the following:

1. (1) Daily hospital room and board in an amount not less than the lesser of:

   1. (A) Eighty percent (80%) of the charges for semiprivate room accommodations; or
   2. (B) Eighty dollars ($80.00) per day;
2. (2) Miscellaneous hospital services for expenses incurred for the charges made by the hospital for services and supplies which are customarily rendered by the hospital and provided for use only during any one (1) period of confinement in an amount not less than eighty percent (80%) of the charges incurred up to a maximum of at least five thousand dollars ($5,000) or thirty-one (31) times the daily hospital room and board benefits, whichever is the lesser; and
3. (3) Hospital outpatient services consisting of hospital services on the day surgery is performed and hospital services rendered within seventy-two (72) hours after accidental injury, in an amount not less than eighty dollars ($80.00), and X-ray and laboratory tests to the extent that benefits for such services would have been provided if rendered to an inpatient of the hospital.