New Mexico Insurance Licensing
The information provided by Agenzee is intended to be accurate and current regarding licensing and appointment requirements across states. While we make every effort to ensure precision through research and expertise, we recommend that readers independently verify details by contacting their state’s insurance department for precise regulations. Remaining informed is essential, and we are here to assist you on your path.
News
Read All NewsAppointments and Terminations in New Mexico
Yes
Yes
Within 15 days of contract execution or first business accepted by carrier
Yes
$20 per LOA
$20 per LOA
No
Yes
Yes
NIPR Portal
Jan. 2, 2024 until March 1, 2024
$20/LOA/Appointment
Various, including voluntary termination and inadequate production
No
Date transaction is processed by the state
Licensing in New Mexico
$30 for insurance producer, $100 for surplus lines broker
$60 for insurance producer, $200 for surplus lines broker
90 days before expiration
Last day of birth month every 2 years
No
Residence, Business, and Mailing
Agency Licensing in New Mexico
Yes
Yes
Yes
90 days prior to expiration until expiration date
Yes
Independent and Emergency Adjuster Licensing in New Mexico
Yes
Yes
Yes
Various, including AK, AL, AR, and TX
Biennially, on the last day of the individual's birth month
Continuing Education Requirements for New Mexico Insurance Licensees
Here at Agenzee, we strive to provide accurate and up-to-date information on CE requirements for various states. While we take pride in our thorough research and expertise, we encourage our readers to conduct their own due diligence by consulting their state’s department of insurance for specific requirements. Remember, staying informed is key, and we’re here to support you on your journey to compliance!
Licensees must complete a total of 24 hours of continuing education every two years.
The renewal period is biennial, occurring every two years.
License renewal must be completed by the last day of the licensee's birth month.
The license renewal year is based on the year of first license issuance.
Continuing education must be completed prior to license expiration.
The state sends a CE reminder 90 days prior to the expiration date.
Resident producers who have held their license for 25 consecutive years are exempt from CE requirements if they file the exemption on record with the commissioner's office.
Within 30 days of your license expiration, you can provide proof of CE and pay a late renewal fee. From 31 days to a year after the canceled or expired license, you can get current on CE and pay a license reinstatement fee. After a year, you will need to reapply for a license anew.
Licensees must complete 3-10 hours of ethics training.
Three hours of CE training must focus on the National Flood Insurance Program (NFIP), required as a one-time course.
Initial certification entails an 8-hour training course, followed by 4 hours of LTC-specific training every two years.
Frequently Asked Questions on New Mexico Insurance Licensing
Renew your license via the NIPR portal, starting 90 days before it expires.
You'll need to meet the pre-licensing education requirements unless exempt, submit fingerprints, and complete the application process through the NIPR Gateway.
You have up to one year to renew your license with late fees. After one year, you'll need to reapply and potentially meet all initial licensing requirements again.
New Mexico
Russell Toal
Office of Superintendent of Insurance
