New Mexico Licensing and Renewal Guide

Late Renewals: New Mexico provides a one-year grace period to renew an expired license, provided the renewal fee and applicable late fees are paid. A late fee of $150 applies if the renewal is submitted within 1 to 30 days after expiration, while a late fee of $120 applies if the renewal is submitted between 31 days and one year after expiration. If the license remains expired for more than one year, the individual must restart the initial licensing process, which includes retaking the required exam(s) and resubmitting fingerprints.

Note: Licensees can transfer a resident license from another state to New Mexico within 90 days of relocating (after surrendering the previous resident license) without retaking the licensing exams.

Note: Business entity insurance licenses require renewal every year between December 1st and February 28th. Late renewals are only available for business entities from March 1st to March 31st.