State Requirements
Effective August 27th, Prometric will no longer administer the New Mexico Insurance Examinations. If you are currently scheduled beyond August 26th, Prometric will be canceling your appointment and issuing a refund.
PSI has been selected to administer Licensing Examinations for New Mexico effective August 27, 2024. OSI is working closely with PSI to finalize this transition. Testing will be temporarily unavailable. Scheduling will be available October 21, 2024. Seating will begin October 31, 2024. We apologize for any inconvenience this may cause.
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Fees
- Fees shown are state fees only. These fees do not include NIPR transaction fees. NIPR and State fees are non-refundable.
- Unless noted, all fees are charged per application.
Insurance Producer
- Fee: $30.00
- Reinstatement Fee: $30.00
Bail Bond Property
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Bail Bond Solicitor
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Independent Adjuster
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Insurance Consultant
- Fee: $50.00
- Reinstatement Fee: $50.00
- Fee Disclaimers: Amendment: N/A
Limited Surety
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Motor Club
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Navigator
- Fee: $0.00
- Reinstatement Fee: $0.00
- Fee Disclaimers: Amendment: N/A
Public Adjuster
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Solicitor
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Staff Adjuster
- Fee: $30.00
- Reinstatement Fee: $30.00
- Fee Disclaimers: Amendment: N/A
Surplus line Broker
- Fee: $100.00
- Reinstatement Fee: $100.00
- Fee Disclaimers: Amendment: N/A
Temporary Insurance Producer
- Fee: $30.00
- Reinstatement Fee: $30.00
Viatical Broker
- Fee: $100.00
- Reinstatement Fee: $100.00
Lines of Authority
- NIPR verifies exams prior to allowing submission of an application.
- Please note that license class names can vary by state.
- Non-resident to Resident and Exam Waivers - please refer to the following link: https://www.osi.state.nm.us/index.php/insurance-exam-waiver/.
Insurance Producer
- Life
- Accident and Health or Sickness
- Property
- Casualty
- Personal Lines
- Fraternal Life
- Fraternal Accident and Health or Sickness
- Title
No Exam Required
- Variable Life and Variable Annuity
- Credit
- Crop
- Travel
- Fraternal Variable Life and Variable Annuity
Temporary Insurance Producer
No Exam Required
- Life
- Accident and Health or Sickness
- Property
- Casualty
Independent Adjuster
- No Line of Authority Required
Public Adjuster
- No Line of Authority Required
Staff Adjuster
- No Line of Authority Required
Bail Bond Property
- No Line of Authority Required
Bail Bond Solicitor
- No Line of Authority Required
Insurance Consultant
- Accident and Health or Sickness
- Life
- Property
- Casualty
No Exam Required
- Variable Life and Variable Annuity
Limited Surety
Motor Club
No Exam Required
- No Line of Authority Required
Navigator
No Exam Required
Solicitor
Surplus Line Broker
- No Line of Authority Required
Viatical Broker
No Exam Required
- Variable Life and Variable Annuity
Rules and Requirements
Applicant Can
- Submit initial license for individuals electronically.
- Submit surplus lines for individuals.
- Add lines of authority (amend) to an existing active license.
- Reinstate through NIPR's Resident License Application.
- Print license electronically.
Business Rules
- Non-citizens of the U.S. will be reviewed by the state. Applicant must provide proof of Visa, Work Permit or Green Card to state of New Mexico. Fax documents to the Office of Superintendent of Producer Licensing Bureau (505) 827-4373 or email them to Agents.licensing@osi.nm.gov
- Non-resident to Resident and Exam Waivers - please refer to the following link: https://www.osi.state.nm.us/index.php/insurance-exam-waiver/.
- All resident applicants for a license and anyone wishing to activate a cancelled resident license must be fingerprinted as part of the application process. Please note that the producer licensing bureau does not consider the application complete until the background check process is completed. More information is available on the fingerprint page of the state's website.
- Applicants may reinstate through Resident Licensing one year after license expiration date.
- Applicants must use Resident Licensing Renewals to late renew if they are applying within one year of expiration date.
- Independent Adjuster and Public Adjuster applicants shall file with OSI an original surety bond in favor of the superintendent in the aggregate amount of not less than ten thousand dollars ($10,000). The bond shall be one executed by an authorized surety insurer. Original bond must be mailed to PLB, PO Box 1689, Santa Fe, NM 87504. We allow 10 days from the date of the application for the bond to be submitted/received. Additional information and forms can be found on the NM OSI website under Individual Applications.
- Bail Bond Property applicants must submit A Letter of Credit in the amount of $25,000 to the Superintendent of Insurance. Additional information and forms can be found on the NM OSI website under Individual Applications.
- Applicants applying for Variable life and Variable Annuity or Fraternal Variable Life and Variable Annuity must hold an active life license in their resident state and must supply a FINRA Central Registry Depository (CRD) number on the application. If you need to verify your CRD number you may use the Broker Search feature found on FINRA's website.
- Surplus Line Broker applicants must have an active Insurance Producer license for both single lines of Property and Casualty.
- Applicant cannot hold a license for Personal Lines and Property and Casualty.
- Applicant must provide a valid residence address. Residence address may not contain a P.O. Box.
- Staff adjuster and Motor Club applicants must list the name and NAIC Company Co-Code of the sponsoring Company.
- Staff Adjuster and Motor Club appointments must be submitted online after the license is issued.
- Bail Bond Solicitor applicants must list the name and active license number of their sponsoring Bail Bond Property licensee.
- Solicitor applicants must list the name and active license number of their sponsoring Limited Surety licensee.
- If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax. All other required documentation must be forwarded directly to the state.
