NEW MEXICO Non-Resident Licensing No Home State for Individuals

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Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts & FAQs

State Announcements

There are no announcements for New Mexico at this time.

Primary Rules (Individual)

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

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Individual)

Applicant must not have an active resident state license on PDB in any state.

In order for an applicant to apply or reinstate through the No Home State initial application for an Independent Adjuster or Staff Adjuster license,  the applicant MUST NOT have an active non-resident adjuster license on PDB (in any other state). Note: Public Adjusters will be treated as Producers.

Applicant must provide either residence or business address that is not in the state of New Mexico.

Non-citizens of the U.S. will be reviewed by the state. Applicant must provide proof of Visa, Work Permit or Green Card to state of New Mexico. Fax documents to the Office of Superintendent of Insurance Attn: Producer Licensing Bureau (505) 827-4373.

All No Home State applicants and anyone wishing to activate a cancelled No Home State license must be fingerprinted as part of the application process. Please note that the producer licensing bureau does not consider the application complete until the background check process is completed. More information is available on the fingerprint page of the state's website.

Applicants may reinstate through No Home State Initial Licensing one year after license expiration date.

Applicants must use No Home State Licensing Renewals to late renew if they are applying within one year of expiration date.

Independent Adjuster and Public Adjuster applicants shall file with OSI a surety bond in favor of the superintendent in the aggregate amount of not less than ten thousand dollars ($10,000).  The bond shall be one executed by an authorized surety insurer. Additional information and forms can be found on the

Applicants applying for Variable life and Variable Annuity or Fraternal Variable Life and Variable Annuity 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.

Applicant must provide a valid residence address. Residence address may not contain a P.O. Box.

Staff adjuster and Motor Club applicants must list the name and NAIC Company Co-Code of the sponsoring Company.

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) Passing Exam Required before Application
Independent Adjuster None Y
Staff Adjuster None Y
Insurance Consultant Casualty Y
Insurance Consultant Property Y
Insurance Consultant Accident and Health or Sickness Y
Insurance Consultant Life Y
Insurance Consultant Variable Life and Variable Annuity N
Viatical Broker Life Y
Viatical Broker Variable Life and Variable Annuity N
Insurance Producer Title Y
Motor Club None N
Public Adjuster None Y

License Fees (Individual)

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

New Mexico fees are at the license level

License Class License Fee *
Independent Adjuster $30.00
Staff Adjuster $30.00
Insurance Consultant $50.00
Viatical Broker $100.00
Insurance Producer $30.00
Motor Club $30.00
Public Adjuster $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

Contact Card

Last Update: 7/07/2017

NEW MEXICO Non-Resident Licensing No Home State for Business Entities

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Primary Rules    |   License Printing    |   Business Rules   |   State Offerings   |   License Fees   |   Contacts & FAQs

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.
No Accepts major lines of authority.
No Accepts limited lines of authority.
Yes Applicant can add lines of authority (amend) to an existing active license.
Yes Applicant can reinstate through NIPR's No Home State License Application.
Yes License printing available electronically.
Yes Applicant must currently hold or be applying for life if they are applying for variable.

License Printing

To print your license, click the state on NIPR's Producer Licensing Map.

Business Rules (Business Entity)

Applicant must not have an active resident state license on PDB in any state.

Applicant must provide business address that is not in the state of New Mexico.

Applicant must provide a valid business address. Business address may not contain a P.O. Box.

Applicant must provide at least one Individual entity type on the Owners, Officers, Partners and Directors page of the application.

Applicant's country of Domicile must be United States.

Sole Proprietorship applications are not permitted.

Insurance Producer, Independent Adjuster, Insurance Consultant, Motor Club, Public Adjuster and Viatical Broker applicants must submit affiliate appointment form and fees.

Affiliate appointment fees must be submitted via paper form. Form 202B can be downloaded from the 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 lines of authority listed on the application at the time it is submitted for the business entity.

Applicants may reinstate through No Home State Initial Licensing one year after license expiration date.

Applicants must use No Home State Licensing Renewals to late renew if they are applying within one year of expiration date.

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
Independent Adjuster None Yes
Insurance Consultant Casualty Yes
Insurance Consultant Property Yes
Insurance Consultant Accident and Health or Sickness Yes
Insurance Consultant Life Yes
Insurance Consultant Variable Life and Variable Annuity Yes
Third Party Admin Casualty No
Third Party Admin Property No
Third Party Admin Accident and Health or Sickness No
Third Party Admin Life No
Viatical Broker Life Yes
Viatical Broker Variable Life and Variable Annuity Yes
Insurance Producer Title Yes
Motor Club None Yes
Public Adjuster None Yes

License Fees (Business Entity)

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

New Mexico fees are at the license level

License Class License Fee *
Insurance Producer $30.00
Independent Adjuster $30.00
Insurance Consultant $50.00
Motor club $30.00
Public Adjuster $30.00
Third Party Admin $100.00
Viatical Broker $100.00

* Per application.

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

Additional Fees:
LOA Addition fee - $30.00 per application

Contacts

Contact Card

Last Update: 7/07/2017

APPLY HERE