RI S2721

Creates a nonprofit Child-Serving Provider Liability Joint Underwriting Association as a "market of last resort" for liability insurance for organizations serving children under 18, including childcare centers, behavioral health providers, foster care agencies, after-school programs, and youth recreational services

Requires all insurers authorized to write commercial general liability insurance in Rhode Island to be mandatory members of the association as a condition of doing business in the state

Establishes an 8-member board of directors with 4 insurer representatives appointed by the Director of Business Regulation, 3 child-serving organization representatives and 1 public member appointed by the Governor, plus the director as a non-voting ex officio member serving 3-year terms

Authorizes the association to provide coverage for bodily injury, property damage, personal injury, and sexual abuse/molestation liability to eligible providers who demonstrate they cannot obtain coverage in the voluntary market

Allows the association to assess member insurers proportionally based on their commercial general liability premiums if revenues are insufficient to cover losses, with insurers permitted to offset assessments against premium tax liability