AgentSync #2 in Insurtech Insights exclusive Future50 list  |  More Info on the Award

AgentSync State Resources

New Mexico Insurance Licensing and Compliance Resources

Contact Hero Image

State License Division Information

Office of Superintendent of Insurance
P.O. Box 1689
Santa Fe, New Mexico 87504
Phone: (505) 827-4349
Website: https://www.osi.state.nm.us/

Overnight Delivery Address
Producer Licensing Bureau
1120 Paseo de Peralta, RM 331, Santa Fe, New Mexico 87501

Non Resident Licensing Information: New Mexico NIPR Paper Licensing

For Carriers in New Mexico

  • Drastically reduce time to sell

  • Automatically Sync active agent records with NIPR

  • Reduce time to activate Agents with seamless onboarding experience

For Agencies in New Mexico

  • Import the agent record from the NIPR PDB (Producer Database) in real time

  • Daily change updates synced directly with NIPR

  • Daily change updates synced directly with NIPR

For MGAs/MGUs in New Mexico

  • Let technology help manage your distribution channel with contracting, licensing, appointments, & compliance solutions.

  • Basic setup completed in days, not months

  • Submit appointments in a few clicks

FAQs

Depending on what type of insurance agent you want to be or what types of policies you need to sell, you will need to choose what type or types of insurance licenses you need to get. After you’ve determined which licenses you need, it’s time to begin studying for the New Mexico insurance exams. The next step after completing all of your pre-license coursework or self-study is to take the insurance exam. You will take one exam for each line of insurance you wish to carry. Property and Casualty are considered one line. This is also true for Life, Accident, and Health.

New Mexico requires that all insurance license applications provide fingerprints prior to licensing. Giving your fingerprints will initiate a background check. If you have any prior misdemeanors or felonies, this may affect the outcome of your licensing efforts. Once you have completed your fingerprinting, you are now ready to apply for your license. Apply for all of the lines of authority that you want to attain. Once you have submitted your application and have filled all the other requirements, your license application will be reviewed by the state. Your background check will also be reviewed.

For more information, call the Department of Insurance at (505) 827-4349 or email the Insurance Department.

You need to first take and pass the New Mexico Insurance Adjuster License exam. The State of New Mexico requires that all insurance license applications provide fingerprints prior to licensing. Giving your fingerprints will initiate a background check. If you have any prior misdemeanors or felonies, this may affect the outcome of your licensing efforts. If you have specific questions regarding things that may come up on your background check you may call the State of New Mexico Office of Superintendent of Insurance at (505) 827-4349 or send them an email. You must obtain and submit a bond in the penal sum of $10,000 executed by a New Mexico admitted surety and signed by the principal and by the Attorney-in-Fact. Once you have completed your exams and fingerprinting, you are now ready to apply for your license. Once you have submitted your application and have completed all the other requirements, your license application will be reviewed by the state. This process generally takes about ten (10) business days. Depending on the results of your background check, the Department of Insurance may request more information or documentation.

The state of New Mexico requires that resident individual licensees complete twenty-four (24) credit hours of continuing education every two-year renewal period. Three (3) of those hours must be in the subject of ethics.

Please note that according to state guidelines, any credits cannot include the same course taken repeatedly in one reporting period. Additionally, upon completion of any continuing education courses and within 90 days of your license expiration, you may renew your New Mexico insurance license online. AgentSync can also help with the renewal process.

In the State of New Mexico, there is a fee of $30 required to renew your license. Once this process is complete, your license will be renewed and your new expiration date will be two years from the time of the original.

Fees in New Mexico are at the license level. Applicants may reinstate through Non-Resident Licensing one year after the license expiration date.

Applicants must use Non-Resident Licensing Renewals to late renew if they are applying within one year of the expiration date. At the present state, applications can be completed either online or by paper.  The license fee is $30.00.  AgentSync can also help with the renewal process.

New Mexico Non-Resident Adjuster License is a two-year license that can be renewed online via NIPR. If you hold a resident license in any other state, then you may obtain the New Mexico Adjuster license reciprocally. If your home state does not license adjusters, you will need to submit a letter from your insurance commissioner or a copy of your states statutes.

If you hold a resident license in any other state, then you may obtain the New Mexico Adjuster license reciprocally. If your home state does not license adjusters, you will need to submit a letter from your insurance commissioner or a copy of your states statutes.

There is an $30 fee to renew your New Mexico non-resident adjuster license. You can renew your license online through an application on NIPR’s website.

For more information, contact the New Mexico Office of Superintendent of Insurance.

Once you have your license, you’ll need to complete some additional steps every few years to keep it active. Resident New Mexico adjusters are required to complete 24 hours of continuing education (CE) every two years. The expiration date of your license is set as the last day of your birth month.

You are required to complete a total of twenty-four (24) hours of continuing education (CE), including three (3) hours of ethics coursework, to upkeep your adjuster license.
There is an $60 fee to renew your New Mexico adjuster license. You can renew your New Mexico adjuster license online through an application on NIPR’s website.

New Mexico grants reciprocal licenses to adjusters who are licensed in their home state, and will accept a Designated Home State (DHS) license from an adjuster whose home state does not license.

For more information, contact the New Mexico Office of Superintendent of Insurance.

*State specific rules and regulations can change. Please be sure to visit NIPR or the state’s website for the latest information.