New Mexico
Last Updated: 03/26/2014
Resident Licensing (RL) and Resident License Renewals (RLR)
https://pdb.nipr.com/html/erlWelcome.html
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Resident Licensing for initial application
Primary Rules
Yes |
Accepts licenses for individuals. |
Yes |
Accepts licenses for business entities. |
Yes |
Accepts major lines of authority. |
Yes |
Accepts limited lines of authority. |
Yes |
Applicants may add lines of authority to an existing active license. |
Yes |
Applicants may reinstate license. |
Yes |
Accepts surplus lines license for individuals. |
Yes |
Accepts surplus lines license for business entities. |
No |
License printing available electronically. |
Resident License Classes Accepted for initial application
Individuals
License Class |
LOA |
Passing Exam Required before Application |
Total Fee (Per Application)* |
Total Reinstatement Fee |
Agent |
Life (Excluding Health) |
Yes |
$30.00 |
N/A |
Agent |
Life, Accident & Health |
Yes |
$30.00 |
N/A |
Agent |
Accident & Health |
Yes |
$30.00 |
N/A |
Agent |
Variable Contracts |
No |
$30.00 |
N/A |
Agent |
Casualty & Surety |
Yes |
$30.00 |
N/A |
Agent |
Property, Marine & Transportation |
Yes |
$30.00 |
N/A |
Agent |
Vehicle |
Yes |
$30.00 |
N/A |
Agent |
Crop/Hail |
Yes |
$30.00 |
N/A |
Broker |
Life, Accident & Health |
Yes |
$30.00 |
N/A |
Broker |
Life (Excluding Health) |
Yes |
$30.00 |
N/A |
Broker |
Variable Contracts |
No |
$30.00 |
N/A |
Broker |
Casualty & Surety |
Yes |
$30.00 |
N/A |
Broker |
Property, Marine & Transportation |
Yes |
$30.00 |
N/A |
Broker |
Accident & Health |
Yes |
$30.00 |
N/A |
Broker |
Vehicle |
Yes |
$30.00 |
N/A |
Broker |
Crop/Hail |
Yes |
$30.00 |
N/A |
Surplus Lines Broker |
Surplus Lines |
No |
$100.00 |
N/A |
Fraternal |
Variable Contracts (Fraternal) |
No |
$30.00 |
N/A |
Fraternal |
Fraternal Life |
No |
$30.00 |
N/A |
Fraternal |
Fraternal Life, Accident & Health |
No |
$30.00 |
N/A |
Staff Adjuster |
None |
No |
$30.00 |
N/A |
*Fees shown are only State Fees. These fees do not include Transaction Fees.
Business Entities
License Class |
LOA |
DRLP Required |
Total Fee (Per Application)* |
Total Reinstatement Fee |
Firm |
Life, Accident & Health |
Yes |
$30.00 |
N/A |
Firm |
Life (Excluding Health) |
Yes |
$30.00 |
N/A |
Firm |
Variable Contracts |
Yes |
$30.00 |
N/A |
Firm |
Casualty & Surety |
Yes |
$30.00 |
N/A |
Firm |
Property, Marine & Transportation |
Yes |
$30.00 |
N/A |
Firm |
Accident & Health |
Yes |
$30.00 |
N/A |
Firm |
Vehicle |
Yes |
$30.00 |
N/A |
Firm |
Credit Life, Accident & Health |
Yes |
$30.00 |
N/A |
Firm |
Crop/Hail |
Yes |
$30.00 |
N/A |
Firm |
Fraternal Life |
Yes |
$30.00 |
N/A |
Firm |
Transportation Ticket Sellers |
Yes |
$30.00 |
N/A |
Firm |
Variable Contracts (Fraternal) |
Yes |
$30.00 |
N/A |
Firm |
Fraternal Life, Accident & Health |
Yes |
$30.00 |
N/A |
Surplus Lines Broker |
Surplus Lines |
Yes |
$100.00 |
N/A |
*Fees shown are only State Fees. These fees do not include Transaction Fees.
License Printing
- Online license printing is not available in New Mexico.
State Specific Individual Requirements for initial application
Every individual applicant for a New Mexico resident license must meet the following requirements:
- Background question documentation must be submitted via the NIPR Attachment Warehouse.
- P.O. box addresses will not be accepted for the resident address
- Applicants applying for variable contracts will need to apply for or actively hold life (excluding health) or life, accident & health in jurisdiction.
- Applicants applying for variable contracts must supply the CRD number.
- Staff adjuster applicants must enter the name of their sponsoring company as well as the company co-code
- Applicants cannot apply for life (excluding health) or accident & health if applicant already holds the combined line life, accident & health.
- Applicants cannot apply for both fraternal life and fraternal life, accident & health simultaneously.
- All resident applicants for a license and anyone wishing to activate a cancelled resident license must be fingerprinted as part of the application process. Please Note that the producer licensing bureau does not consider the application complete until the background check process is completed. More information is available at http://www.osi.state.nm.us/agent-licensing/fingerprint-requirements.html.
State Specific Business Entity Requirements for initial application
Every business entity applicant for a New Mexico resident license must meet the following requirements:
- Background question documentation must be submitted via the NIPR Attachment Warehouse.
- Applicants applying for variable contracts will need to apply for or actively hold life (excluding health) or life, accident & health in jurisdiction.
- Country of domicile must be the United States.
- If limited liability company (LLC) is selected, an owner with 10% interest must be entered.
- Applicants cannot apply for life (excluding health) or accident & health if applicant already holds the combined line life, accident & health.
- Applicants cannot apply for both fraternal life and fraternal life, accident & health simultaneously.
- Applicants cannot apply for both fraternal life, accident & health and life, accident & health simultaneously.
- E-mail address is required.
- Affiliate appointment fees must be submitted via paper form. Form 202B can be downloaded at: http://www.nmprc.state.nm.us/insurance/agent-licensing/docs/form202-B.pdf.
Resident Renewal Licensing
Primary Rules
Yes |
Accepts renewals for individuals electronically. |
Yes |
Accepts renewals for business entities electronically. |
Yes |
Accepts limited license class and lines of authority electronically. |
Yes |
Accepts individual renewals for surplus lines electronically. |
Yes |
Accepts business entity renewals for surplus lines. |
No |
Accepts partial renewals. |
No |
License printing available electronically. |
License Classes Accepted for Renewal
Individuals
License Class |
LOA |
Total Renewal Fee (Per application)* |
Total Fee for Late Renewal (Per application)* |
Broker |
Life, Accident & Health |
$30.00 |
$45.00 |
Broker |
Life (Excluding Health) |
$30.00 |
$45.00 |
Broker |
Variable Contracts |
$30.00 |
$45.00 |
Broker |
Casualty & Surety |
$30.00 |
$45.00 |
Broker |
Property, Marine & Transportation |
$30.00 |
$45.00 |
Broker |
Accident & Health |
$30.00 |
$45.00 |
Broker |
Vehicle |
$30.00 |
$45.00 |
Broker |
Crop/Hail |
$30.00 |
$45.00 |
Surplus Lines Broker |
Surplus Lines |
$100.00 |
$150.00 |
|
*Fees shown are only State Fees. These fees do not include Transaction Fees.
Renewal Period for Individuals
Class |
Renewal Period Begins |
Renewal Cycle |
Late Renewal Cycle |
All License Classes |
March 1st every year |
Renewal - March 1st thru April 30th |
Late Renewal - May 1st thru May 31st |
State Specific Individual Requirements
Every individual applicant for a New Mexico resident license must meet the following requirements in order to renew their license:
- Background question documentation can be submitted via the NIPR Attachment Warehouse.
- Applicant renewing broker or surplus lines broker license must be continued education compliant.
- Applicants renewing a variable contracts line of authority need to actively hold or renew for a life or life, accident & health line of authority simultaneously.
- All lines must be renewed. Partial renewals are not allowed.
- Business email address is required.
- All licenses renew annually (some licenses will be renewed by renewing at least one appointment).
- All individual licenses expire April 30th. The renewal window opens March 1st and closes April 30th.
- All individuals can renew with an additional $15.00 late fee beginning May 1st until May 31st.
Business Entities:
License classes accepted for renewal
License Class |
LOA |
DRLP Required? |
Total Renewal Fee (Per affiliation)* |
Total Fee for Late Renewal (Per affiliation)* |
Firm |
Life, Accident & Health |
Yes |
$20.00 |
$30.00 |
Firm |
Life (Excluding Health) |
Yes |
$20.00 |
$30.00 |
Firm |
Variable Contracts |
Yes |
$20.00 |
$30.00 |
Firm |
Casualty & Surety |
Yes |
$20.00 |
$30.00 |
Firm |
Property, Marine & Transportation |
Yes |
$20.00 |
$30.00 |
Firm |
Accident & Health |
Yes |
$20.00 |
$30.00 |
Firm |
Vehicle |
Yes |
$20.00 |
$30.00 |
Firm |
Credit Life, Accident & Health |
Yes |
$20.00 |
$30.00 |
Firm |
Crop/Hail |
Yes |
$20.00 |
$30.00 |
Firm |
Fraternal Life |
Yes |
$20.00 |
$30.00 |
Firm |
Transportation Ticket Sellers |
Yes |
$20.00 |
$30.00 |
Firm |
Variable Contracts (Fraternal) |
Yes |
$20.00 |
$30.00 |
Firm |
Fraternal Life, Accident & Health |
Yes |
$20.00 |
$30.00 |
Surplus Lines Broker |
Surplus Lines |
Yes |
$20.00 |
$30.00 |
Firm Adjuster |
None |
Yes |
$20.00 |
$30.00 |
*Note: Affiliation fees are charged per number of LOAs held by the affiliates. Example: A firm has X number of affiliates with 6 LOAs among them, the total renewal fee is 6 * $20.00 = $120.00 (or 6 * $30.00 = $180.00 for late renewals).
Renewal Period for Business Entities
Class |
Renewal Period Begins |
Renewal Cycle |
Late Renewal Cycle |
All Business Entities |
March 1st every year |
Renewal - March 1st through April 30th |
Late Renewal - May 1st through May 31st |
State Specific Business Entity Requirements
Every business entity applicant for a New Mexico resident license must meet the following requirements in order to renew their license:
- Background question documentation can be submitted via the NIPR Attachment Warehouse.
- All lines must be renewed. Partial renewals are not allowed.
- At least one DRLP must be listed on the application.
- At least one DRLP listed must have an active license in New Mexico (resident or non-resident).
- Applicants renewing a variable contracts line of authority need to actively hold or renew for a life or life, accident & health line of authority simultaneously.
- Business email address is required.
- At least one affiliation must be on record at the time of renewal for the business entity to renew.
- All business entity licenses expire April 30th. The renewal window opens March 1st and closes April 30th.
State Contact Information:
Office of Superintendent of Insurance
PO Box 1689
Santa Fe, NM 87504-1689
Phone: 1-855-4ASK-OSI
(1-855-427-5674) |