Ahospital indemnity policypays a fixed daily, weekly, or monthly benefit directly to the insured for hospitalization, regardless of other insurance coverage or actual expenses incurred. This is a supplemental policy common in Oklahoma (Title 36 O.S. § 4405).
Option A: Incorrect. “Limited-amount per diem” is not a standard insurance term.
Option B: Incorrect. Blanket policies cover groups for specific risks, not individual hospitalization benefits.
Option C: Incorrect. Medigap covers Medicare gaps, not fixed hospitalization payments.
Option D: Correct. Hospital indemnity policies pay a fixed amount per day for hospitalization.
[:, Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: General Knowledge – Accident and Health Insurance)., Oklahoma Insurance Department, Title 36 O.S. § 4405 (health insurance provisions)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., ]
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