Q: What type of insurance license is needed to offer Medicare plans in New Mexico?
Accident and Health Insurance Producer License
Q: What are the Licensing Steps in New Mexico?
Step 1 (optional): Complete an optional prelicensing course that helps prepare you to take and pass your licensing exam. We recommend using ExamFX.
Step 2: Schedule your exam with your state’s testing provider, Prometric. The fastest way to schedule your exam is to do so online at Prometric . Internet registration is available 24 hours a day. Your exam may be taken at a physical Prometric examination center or via a remote online proctored examination. You can schedule your exam over the phone at 800-813-6737. Schedule your remote online proctored examination by calling 800-868-6113. Exam fees must be paid at the time of reservation.
Exam Fee: $75
To change or cancel your testing appointment, you must contact Prometric at least 48 hours in advance or forfeit the examination fee. You may reschedule online at Prometric or call Prometric at 800-813-6737.
Step 3: Take and pass your state licensing exam. On the day of your appointment, arrive at the test center 30 minutes before your scheduled appointment time to complete the necessary sign-in procedures. You must bring with you a valid (non-expired) form of identification (driver’s license, passport, military I.D., etc.) You will not be able to take your exam if this requirement is not met.
At the end of the exam, you will see a completion notice on screen. A copy of your score report will be emailed to the email address you provided to Prometric at the time of scheduling.
Step 4: After you have passed your insurance examination, apply for your license online via NIPR. Detailed licensing information can be found through https://www.osi.state.nm.us/. NOTE: Please ensure you are using the most current forms online. Outdated forms will not be accepted.
License Fee: $30
Q: How do I schedule to take my health insurance exam in New Mexico?
Schedule your exam with your state’s testing provider, Prometric. The fastest way to schedule your exam is to do so online at Prometric . Internet registration is available 24 hours a day. Your exam may be taken at a physical Prometric examination center or via a remote online proctored examination. You can schedule your exam over the phone at 800-813-6737. Schedule your remote online proctored examination by calling 800-868-6113. Exam fees must be paid at the time of reservation.
Exam Fee: $75
Q: Are there different parts to the health insurance exam?
- General Insurance Concepts
- Health Insurance Basics
- Individual Health Insurance Policies General Provisions
- Disability Income and Related Insurance
- Medical Plans
- Group Health Insurance
- Dental Insurance
- Insurance for Senior Citizens and Special Needs Individuals
- Federal Tax Considerations for Health Insurance
- Insurance Regulation
Q: How do I apply for a nonresident health insurance license in New Mexico?
Apply for your license online via NIPR.
Nonresident license fee: $30
Q: How do I renew my health insurance license in New Mexico?
An insurance professional may renew a license up to 90 days before the date the license expires. The licensee is solely responsible for renewing the license before its expiration. OSI may or may not remind the licensee of the need to renew a license. Renewals vary from annually to every four years and most resident individual renewals have a continuing education requirement that must be met prior to the state accepting the license renewal request. Renewal deadline is approximately two weeks prior to the actual expiration date of the license. This deadline must be adhered to if you need to have your license returned to you by the expiration date. You can use NIPR to renew your license online, more detailed information on license renewals can be found on the Department’s website at: www.osi.state.nm.us
Non-Residents who are within one year of expiration date can renew here.
License Renewal Fee for Residents and Nonresidents: $60
Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Q: What do I do if my health insurance license has expired in New Mexico?
Producers who fail to renew within the designated time range will need to pay a reinstatement fee if expiration date is within the 31-365 day range. Producers outside of that range will need to re-apply for their license.
Reinstatement of license Fee: $120.00 (31 – 365 days)
Q: What do I do for Continuing Education to keep my health insurance license in New Mexico?
Producers who were licensed prior to July 1, 2017 are required to complete 15 hours of continuing education before April 30, 2018. One hour must be in the category of ethics.
Producers licensed after July 1, 2017 and later must complete 24 hours of continuing education biennially by the last day of the birth month of the producer. One hour must be in the category of ethics.
Producers must complete a minimum of 3 hours of continuing education course hours for each compliance period in a formal classroom or in another learning format that permits the student to interact with a live instructor. Students must take all hours in the lines that they are licensed for. Licensed producers must also complete 1 hour in ethics training. A course may not be repeated for credit more than once within 3 years from the original completion date.
Failure to complete CE requirements for compliance period will be charged a late penalty of $50.