New Mexico

New Mexico Insurance Prelicensing Requirements
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How to Obtain a New Mexico Insurance License

The New Mexico Office of Superintendent of Insurance (OSI) requires all individuals selling insurance to obtain a valid insurance producer license. This guide outlines the step-by-step process for obtaining your New Mexico insurance producer license.

Step 1: Fulfill Prelicensing Education Requirements

Before taking the state licensing exam, it is highly recommended to complete a prelicensing education course approved by the New Mexico OSI. Prelicensing courses help prepare you for the state exam by covering key insurance concepts, policies, and regulations.

Recommended Study Resources:

  • Online courses
  • Web classes
  • Study manuals & flashcards

Step 2: Schedule and Pass the Licensing Exam

Once you complete your prelicensing education, you must pass the New Mexico State Licensing Exam.

Exam Details:

  • Register through PSI at www.psiexams.com or call (855) 560-3714.
  • Exams are multiple-choice and require a 70% or higher to pass.
  • A valid government-issued photo ID is required for testing.
  • Exams may be taken in-person at PSI testing centers or remotely via PSI Bridge.
  • If you fail, you must wait 24 hours before rescheduling.

Exam Duration & Question Format:

Exam TypeTime LimitNumber of Questions
Life Producer Exam2 hours100
Accident & Health Producer Exam2 hours100
Life, Accident & Health Producer Exam2.5 hours150
Property Producer Exam2 hours100
Casualty Producer Exam2 hours100
Property & Casualty Producer Exam2.5 hours150
Personal Lines Producer Exam2 hours100

Step 3: Complete Fingerprinting

All unlicensed applicants are required to submit fingerprint impressions for a background check.

Fingerprinting Instructions:

  • Use Identogo to schedule an appointment.
  • Enter Code NM920210Z when booking.
  • Fingerprinting must be completed before applying for a license.

Step 4: Apply for Your Insurance License

After passing the exam, you must apply for your license through the National Insurance Producer Registry (NIPR) at www.nipr.com.

Application Processing:

  • Licenses are typically issued within 10 business days.
  • You must be appointed by an insurer within 60 days of your license being issued.

Step 5: Maintain Your License with Continuing Education (CE)

To keep your New Mexico insurance license active, you must complete continuing education (CE) every two years.

CE Requirements:

  • 24 hours of CE, including 3 hours of ethics training.
  • At least 3 CE hours must be completed in a classroom or live webinar.
  • Additional CE may be required for those selling annuities, long-term care, or flood insurance.
  • If CE requirements are not met, your license will lapse.

Visit the New Mexico OSI website for the most up-to-date CE guidelines.

Frequently Asked Questions (FAQs)

Where will I take the state exam?

  • Exams are available remotely or in-person at PSI testing centers.

How should I prepare for my in-person exam?

  • Arrive 30 minutes early for check-in.
  • Bring a valid government-issued ID.
  • Personal items (phones, calculators, bags) are not allowed in the testing center.
  • You must stay for the duration of the exam without breaks.

What score do I need to pass?

  • You must score 70% or higher to pass.

What happens if I fail my exam?

  • You may reschedule immediately.
  • Review your diagnostic report on PSI to identify weak areas.

Where can I find more licensing information?

Contact Information

New Mexico Office of Superintendent of Insurance (OSI):

PSI Testing Provider:

Start Your Insurance Prelicensing Training

Take the first step toward your New Mexico insurance career today. Enroll in an approved prelicensing course to begin your journey!

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Disclaimer

The information provided here is based on current New Mexico regulations but may be subject to updates. We strive for accuracy but recommend verifying details with the New Mexico OSI for the latest licensing requirements.