New Mexico Appointment Renewal for 2014

Key Information:

In 2014, New Mexico will again process all appointment renewals electronically through the National Insurance Producer Registry (NIPR).

IMPORTANT RECONCILIATION INFORMATION

IMPORTANT PAYMENT INFORMATION

Payments for New Mexico Appointment Renewals MUST be received by NIPR through the Electronic Options made available

NOTE:  NO PAPER CHECKS:

NIPR Transaction Fees

The NIPR processing fee per invoice will equal 1% of the total state fees charged with a minimum of $5.00 and a maximum of a $1,000.00
Example:
# of appts        Price        Total
100                  $20.00     $2000.00

Transaction fee is 1% of $2000.00 or $20.00

New Mexico State Appointment Renewal Fees
March 3, 2014 To April 30, 2014 $20/LOA/Appointment
May 1, 2014 To May 30, 2014 $30/LOA/Appointment ($20/LOA/Appointment plus $10 Late Fee)
After May 30, 2014     Payments received will be refunded.  (Minus NIPR fees)

Payment Method and other Fees
Credit Card No processing fee If you are paying by credit card (Visa, MasterCard, American Express, or Discover) the process will be entirely electronic. Please note there is a $60,000 limit on Credit Card payments. If your invoice exceeds $60,000, you must choose an alternative payment method. If you have questions regarding the other methods, please call NIPR Customer Service. An appropriate receipt will be displayed for you to print for your records.
Electronic Check There are no check processing fees for utilizing the electronic check payment method but NIPR transactions fees will apply
  • A few banks or credit unions may not participate in electronic check services
  • If your bank needs a pre-authorization to use this electronic check service you will need to provide your financial institution with this information: NIPR ACH-9431763793.
  • There is a $25.00 returned check charge for any electronic check that does not clear the applicant’s bank. Additionally, the state will be notified if any issue with payment is not promptly resolved, possibly resulting in non-renewal of appointments or a reversal of renewals, until payment is made.
PayPal Account No processing fee  

NIPR processing fees are not refundable

Process after March 3, 2014 when the electronic invoices are on the website is: 

If you have any questions regarding the appointment renewal process, contact: