New Mexico Insurance Licensing State Requirements

On this page, you will find all of the state-specific information for Insurance Licensing in the state of New Mexico. This information pertains to resident license applicants. For additional information for resident licensing, or for non-resident license information, please refer to the New Mexico Division of Insurance website at http://www.nmprc.state.nm.us. Information is subject to change, and we will do our very best to make the process of completing your licensing education requirements as simple as possible.

New Mexico Office of the Superintendent of Insurance

P.E.R.A. Building, Room 434  1120 Paseo de Peralta  Santa Fe, New Mexico 87504
PO Box 1269  Santa Fe, NM 87504
Phone:  505-827-4601 or  800-947-4722 (in NM)
Fax:  505-827-4734
Website: http://www.osi.state.nm.us
E-mail: Agents.Licensing@state.nm.us

Effective October 1, 2018
 

Prelicensing Education Hour Requirements

  • The state of New Mexico does not require prelicensing education.
  • Although prelicensing education is not required, due to the difficulty and nature of the exam, Kaplan highly recommends enrolling in a study course.

Exam Provider: Prometric

Exam Attempts

Must submit application to state prior to sitting for exam. If exam is failed twice you must wait 30 days to take it again. If exam is failed an additional 2 times, you must wait 6 months to test again and will need to resubmit your application.

Methods of Education

  • Classroom
  • Self-study
  • Online

Certificate of Completion Requirements

  • Not applicable

Exam and/or Prelicensing Education Exemptions 

Exam requirements are waived for applicants with the following designations or certifications:
 
  • CLU® designees are exempt from the Life, Accident and Health lines exam requirements.
  • CPCU® designees are exempt from the Property and/or Casualty lines exam requirements.

Adjuster License

Disclosure for states that require an Adjuster licensing exam and license:

All insurance adjusters in New Mexico are required to be licensed. Because of its industry recognition and credibility, earning the Texas DHS Adjuster license is accepted as authorization to adjust in New Mexico and other states that recognize it.

The Texas P/C Adjuster license is highly respected in the industry and is available to individuals who want to designate Texas as their home state. This means you can qualify for the Texas P/C adjuster license just as a Texas resident adjuster would and complete the Texas bi-annual continuing education requirement. 

Kaplan’s Texas P/C Adjuster licensing course and exam is ideal for an adjuster seeking an adjuster license under the DHS concept. The course contains the actual state licensing exam for the Texas P/C Adjuster license; therefore, you can satisfy your Texas prelicensing requirement AND pass the Texas P/C Adjuster state licensing exam without having to leave your home or office. Upon completing the Kaplan course and successfully passing the exam, you can remotely apply for the Texas Property/Casualty Adjuster License using the procedures found on the Texas State Requirements page. This will qualify you to adjust in both your home state and numerous other states that accept the Texas DHS Adjuster license, including AL, CT, DE, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, OK, RI, UT, VT, WA, WV, and WY.

Additionally, earning the Texas DHS Adjuster license enables you to adjust with enhanced credibility and industry expertise in CO, DC, IA, IL, KS, MA, MD, MO, ND, NE, PA, NJ, OH, SD, TN, VA, and WI.

Check with the Department of Insurance in your resident state and the states you wish to adjust to see how the Texas PC Adjuster license can be used in those states.

 

This information is based on state laws and regulations and is subject to change. Kaplan Financial Education makes every effort to make sure this information is current and accurate, however, Kaplan Financial Education is not engaged in rendering legal or professional advice and shall not be held responsible for inaccuracies contained herein.

Select a Line of Authority:

Life & Health

This license qualifies you to explain, sell, and write life and health insurance products in New Mexico.

 

Property & Casualty

This license qualifies you to sell products designed to protect from financial issues as a result of damage or injury in New Mexico.

Personal Lines

This license qualifies you to sell a variety of insurance plans directly to consumers in New Mexico.

 

Adjuster

This license qualifies you to investigate and adjust any claim in connection with an insurance policy in New Mexico.