Login | Partner With Us

Call Us: 1 (866) 444-9673

Getting Licensed in New Mexico

Getting Licensed in New Mexico

What type of Insurance License is needed to offer Medicare plans in New Mexico?

New Mexico Accident and Health Insurance (producer) license

 

What are the steps to apply for an insurance in New Mexico?

Step 1 (optional): Complete an optional prelicensing course that helps prepare you to take and pass your licensing exam.

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 Outdated forms will not be accepted.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

 

How do I study for my Insurance License in New Mexico?

We recommend using ExamFx for Pre-licensing study. However, New Mexico’s state exam site, Prometric also has study materials available.

How do I schedule to take the 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

When I test for the Insurance License are there different parts?

Please refer to the state testing website, Prometric, for more exam information.

 

How do I apply for a non-resident Insurance License in New Mexico?

Non-resident to Resident and Exam Waivers – please refer to the following link: https://www.osi.state.nm.us/index.php/insurance-exam-waiver/.

How do I renew my 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. You can use NIPR (http://www.nipr.com/) 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

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.

Non-Resident Licensing Renewals to late renew if they are applying within one year of expiration date.

License Renewal Fee: $60

Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)

 

What do I do if my license has expired 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. You can use NIPR (http://www.nipr.com/) to renew your license online.

Reinstatement of license Fee: $120.00 (31 – 365 days)

 

What do I do for continuing education to keep my license in New Mexico?

Renewal Guidelines

Producers who were licensed prior to July 1, 2017 are required to complete 15 hours of continuing education before April 30, 2018.

Approved Courses

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.

Repeated Courses

A course may not be repeated for credit more than once within 3 years from the original completion date. 

Late CE Penalty Fee: $50