(1) All individual or group service or indemnity type contracts and all certificates thereunder issued by a nonprofit corporation which provide maternity benefits shall offer the master policyholder the option to purchase coverage to pay for routine nursery care for a well newly born child for up to five (5) full days in a hospital nursery.
(2) The coverage for the well newly born child shall pay the hospital charges for each day in the hospital nursery.
(3) The requirements of this section shall apply to all member or subscriber contracts, and all certificates thereunder, in effect on October 1, 1980, and those contracts, and certificates, issued thereafter.