NEW MEXICO Non-Resident Licensing for Individuals

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State Announcements

There are no announcements for New Mexico at this time.

Primary Rules (Individual)

Response Question
Yes Accepts initial license for individuals electronically.
Yes Accepts surplus lines for individuals.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate through NIPR's Non-Resident License Application.
No License printing available electronically.
Yes Applicant must currently hold or be applying for life if they are applying for variable.

License Printing

New Mexico does not offer online license printing. Licensees must contact the state.

Business Rules (Individual)

Applicants for the variable line of authority must supply a FINRA Central Registry Depository (CRD) number on the application.  If you need to verify your CRD number you may use the Broker Search feature found on FINRA’s website.

Canadian citizens may apply electronically with a U.S. resident license.

Non-citizens of the U.S. who do not hold a U.S. resident license will be declined.

Non-citizens of the U.S. who do hold a U.S. resident license will be reviewed by the state. Applicant must provide proof of Green Card to the state of New Mexico. Fax documents to the Office of Superintendent of Insurance.

Applicant must provide a valid business email.

Applicants cannot apply for life (excluding health) or accident & health if applicant already holds the combined line life, accident & health.

Applicant cannot apply for ‘fraternal life’ and ‘fraternal life, accident and health’ Lines of Authority simultaneously.

Applicant applying for vehicle line of authority must actively hold property and casualty or personal lines in their resident state.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax. All other required documentation must be forwarded directly to the state.

State Offerings (Individual)

Please note that license class names can vary by state.

License Class Line of Authority (LOA)
Agent Life (excluding Health)
Agent Life, Accident & Health
Agent Accident & Health
Agent Variable Contracts
Agent Casualty & Surety
Agent Property, Marine & Transportation
Agent Vehicle
Agent Crop/Hail
Broker Life (excluding Health)
Broker Life, Accident & Health
Broker Accident & Health
Broker Variable Contracts
Broker Casualty and Surety
Broker Property, Marine & Transportation
Broker Vehicle
Broker Crop/Hail
Limited License Credit Life, Accident & Health
Limited License Transportation Ticket Sellers
Surplus Lines Broker Surplus Lines
Fraternal Variable Contracts (Fraternal)
Fraternal Fraternal Life
Fraternal Fraternal Life, Accident & Health

License Fees (Individual)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination License Fee *
Agent / All LOAs $30.00
Broker / All LOAs $30.00
Limited License / All LOAs $30.00
Surplus Lines Broker / Surplus Lines $100.00
Fraternal / All LOAs $30.00

* Per application.

Note: Reinstatement fee is the same as the initial license fee.

Additional Fees:
LOA Addition fee - $30.00 per application

Contacts

Last Update: 7/26/2016

NEW MEXICO Non-Resident Licensing for Business Entities

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State Announcements

There are no announcements for New Mexico at this time.

Primary Rules (Business Entity)

Response Question
Yes Accepts initial license for business entities electronically.
Yes Accepts surplus lines for business entities.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate through NIPR's Non-Resident License Application.
No License printing available electronically.
Yes Applicant must currently hold or be applying for life if they are applying for variable.

License Printing

New Mexico does not offer online license printing. Licensees must contact the state.

Business Rules (Business Entity)

Applicant must provide a valid business email.

Applicants cannot apply for life (excluding health) or accident & health if applicant already holds the combined line life, accident & health.

Applicant cannot apply for ‘fraternal life’ and ‘fraternal life, accident and health’ Lines of Authority simultaneously.

Applicant applying for vehicle line of authority must actively hold property and casualty or personal lines in their resident state.

At least one (1) Designated Responsible Licensed Producer (DRLP) must be listed on the application and have an active resident or non-resident license in New Mexico.

The DRLPs on the application must cumulatively cover all active LOAs listed on the application at the time it is submitted for the business entity.

Affiliate appointment fees must be submitted via paper form. Form 202B can be downloaded from the state.

If applicant responds "yes" to one of the background questions please submit supporting documents electronically via NIPR's Attachments Warehouse. The documents may also be submitted to the state via mail, email, or fax. All other required documentation must be forwarded directly to the state.

State Offerings (Business Entity)

License Class Line of Authority (LOA) DRLP Required
Firm Life, Accident & Health Yes
Firm Accident & Health Yes
Firm Life (excluding Health) Yes
Firm Variable Contracts Yes
Firm Casualty & Surety Yes
Firm Property, Marine & Transportation Yes
Firm Vehicle Yes
Firm Credit Life, Accident & Health Yes
Firm Crop/Hail Yes
Firm Transportation Ticket Sellers Yes
Fraternal Fraternal Life Yes
Fraternal Variable Contracts (Fraternal) Yes
Fraternal Fraternal Life, Accident & Health Yes
Surplus Lines Broker Surplus Lines Yes

License Fees (Business Entity)

Fees shown are state fees only. These fees do not include NIPR transaction fees.

License Class / LOA Combination License Fee *
Firm / All LOAs $30.00
Surplus Lines Broker / Surplus Lines $100.00
Fraternal/ All LOAs $30.00

* Per application.

Note: Reinstatement fee is the same as the initial license fee.

Additional Fees:
LOA Addition fee - $30.00 per application

Contacts

Last Update: 7/26/2016

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