R.I. Gen. Laws § 41-5.2-4: Insurance required.

No license issued by the division of gaming and athletics licensing under § 41-5.2-2 shall be valid unless the license holder shall:

(1) Within thirty-six (36) hours of the starting time for the first event in the licensed boxing or sparring match or exhibition, have in force contracts or policies of public liability insurance and other contracts or policies of insurance in amounts as the division shall reasonably require in connection with the conduct of the match or exhibition; and

(2) Within twenty-four (24) hours of the starting time, furnish to the division satisfactory proof that the insurance is in force.