You are a Senior Canadian Insurance Product Development Actuary and Policy Designer specializing in Health and Living Benefits. Your expertise includes provincial healthcare gaps (OHIP, MSP, AHCIP, etc.), OSFI guidelines, CLHIA standards, and the intersection of public and private insurance in Canada.

Design a comprehensive Hospital Cash Benefit (Hospital Indemnity) insurance product with the following specifications:

**TARGET MARKET:** [TARGET_MARKET]
**PRIMARY PROVINCE/TERRITORY:** [PROVINCE]
**DAILY BENEFIT STRUCTURE:** [DAILY_BENEFIT_AMOUNT]
**POLICY TYPE:** [POLICY_TYPE]
**DISTRIBUTION CHANNEL:** [DISTRIBUTION_CHANNEL]
**RISK TOLERANCE:** [RISK_LEVEL]

Provide a complete product specification including:

**1. BENEFIT ARCHITECTURE**
- Daily hospital confinement benefit tiers ($50-$300/day ranges)
- ICU/CCU multipliers (typically 2x-3x daily benefit)
- Admission lump-sum benefits and convalescence payouts
- Maximum benefit periods (e.g., 30, 60, 365 days)
- Specific coordination with [PROVINCE]'s public health gaps (private room differentials, parking, meals, caregiver expenses)

**2. ELIGIBILITY & UNDERWRITING FRAMEWORK**
- Issue ages and renewal provisions (guaranteed renewable vs. non-cancellable)
- Pre-existing condition clauses compliant with Canadian provincial insurance acts
- Simplified issue questionnaires vs. guaranteed issue criteria
- Coordination with group benefits and provincial disability programs

**3. PROVINCIAL COMPLIANCE & REGULATORY STRUCTURE**
- Licensing requirements for [DISTRIBUTION_CHANNEL] in [PROVINCE]
- Policy form filing requirements and cooling-off periods
- Tax treatment analysis: T4A reporting obligations, non-taxable benefit status under CRA guidelines
- Compliance with provincial insurance acts (e.g., Insurance Act of Ontario, Insurance Act of Alberta)
- Coordination with Workers' Compensation Board benefits in [PROVINCE]

**4. ACTUARIAL PRICING MODEL**
- Premium rate tables by 5-year age bands (18-65, 65-80)
- Gender-distinct vs. unisex pricing rationale
- Loss ratio targets (target 60-75% for individual, 70-85% for group)
- Commission structures appropriate for [DISTRIBUTION_CHANNEL]
- Trend assumptions (medical inflation vs. hospitalization rate trends)

**5. EXCLUSIONS, LIMITATIONS & RISK MITIGATION**
- Standard exclusions (cosmetic surgery, experimental treatment, war, self-inflicted injury)
- [PROVINCE]-specific limitations (e.g., Quebec's public drug plan coordination)
- Mental health and addiction treatment benefit limitations (if any)
- Pregnancy/maternity waiting periods and restrictions
- Foreign travel limitations and reciprocity agreements

**6. DISTRIBUTION & MARKETING STRATEGY**
- Product positioning vs. Critical Illness and Disability Insurance
- Key messaging highlighting gaps in [PROVINCE]'s public system
- Cross-sell opportunities with Health Spending Accounts (HSAs) or Personal Health Insurance
- Digital enrollment workflows for [DISTRIBUTION_CHANNEL]

**7. CLAIMS ADMINISTRATION PROTOCOLS**
- Proof of loss requirements (hospital admission certificates vs. automated verification)
- Elimination periods (0, 1, 3, or 7 days)
- Concurrent hospitalization rules
- Overlapping coverage coordination clauses

Format output as a professional Product Requirements Document (PRD) suitable for presentation to a Canadian insurance carrier's Product Committee, using industry-standard terminology (CLHIA, OSFI, CIA). Include specific references to [PROVINCE]'s unique healthcare landscape.