Publication Date
2024-10-11
effective date
2024-11-15
jurisdiction
New Mexico Adding New Lines of Authority
Effective November 15, 2024, New Mexico will update its licensing framework as follows:
- Current title holders will automatically receive the Escrow Line of Authority (LOA) alongside their existing Title LOA.
- Independent and Staff Adjuster licenses will be changed to the Property and Casualty LOA.
- New Lines of Authority for Insurance Consultants will include:
- Fraternal
- Fraternal Accident and Health
- Fraternal Life
- Fraternal Variable Life and Annuity
- New exams will be introduced for:
- Independent and Staff Adjusters (Workers Compensation and Public Entity)
- Insurance Producers (Escrow)
Update: November 15, 2024, due to unseen technical difficulties, this change wasn't able to go live on November 15, 2024. Once resolved, an update will be posted.
AgentSync Actions
Our compliance experts are constantly searching for and analyzing industry updates. Their findings are then recorded in the Regulatory Updates section of the Compliance Library to explain how the update impacts the insurance industry. If a change impacts an AgentSync product, this will be highlighted to inform you that the product is being updated to ensure you remain in compliance.
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This update has been reviewed by AgentSync compliance experts for industry impact and necessary automation in the AgentSync platform.
categories
Licensing

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