State Requirements

New Mexico / Non Resident Renewal / Business

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

  • New Mexico fees are at the license level

  • Per application.
  • Note: Additional Fees – Third Party Administrators must pay a $50 Report Fee on their renewal applications. Pharmacy Benefit Mgrs must pay a $200 Report Fee on their renewal applications.

Insurance Producer

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Bail Bond Property

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Portable Electronics

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00

Independent Adjuster

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Public Adjuster

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Insurance Consultant

  • Renewal Fee: $100.00
  • Late Renewal Fee: $250.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Solicitor

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Limited Surety

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Motor Club

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Pharmacy Benefit Mgr**

  • Renewal Fee: $500.00
  • Late Renewal Fee: $1250.00

Rental Car

  • Renewal Fee: $60.00
  • Late Renewal Fee: $150.00

Surplus Line Broker

  • Renewal Fee: $200.00
  • Late Renewal Fee: $500.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Third Party Admin**

  • Renewal Fee: $200.00
  • Late Renewal Fee: $500.00
  • Fee Disclaimers: Plus $20.00 per affiliation

Viatical Broker

  • Renewal Fee: $200.00
  • Late Renewal Fee: $500.00
  • Fee Disclaimers: Plus $20.00 per affiliation
  • Please note that license class names can vary by state.
PRODUCER

Insurance Producer

  • Self-Service Storage

DRLP Required

  • Life
  • Accident and Health or Sickness
  • Variable Life and Variable Annuity
  • Property
  • Casualty
  • Personal Lines
  • Fraternal Life
  • Fraternal Accident and Health or Sickness
  • Fraternal Variable Life and Variable Annuity
  • Credit
  • Travel
  • Crop
  • Title
Adjuster

Independent Adjuster

DRLP Required

  • No Line of Authority Required

Public Adjuster

DRLP Required

  • No Line of Authority Required
BROKER

Surplus Line Broker

DRLP Required

  • No Line of Authority Required

Viatical Broker

DRLP Required

  • Life
  • Variable Life and Variable Annuity
OTHER

Rental Car

  • No Line of Authority Required

Bail Bond Property

DRLP Required

  • No Line of Authority Required

Portable Electronics

  • No Line of Authority Required

Insurance Consultant

DRLP Required

  • Life
  • Accident and Health or Sickness
  • Variable Life and Variable Annuity
  • Property
  • Casualty

Limited Surety

DRLP Required

  • Surety Bail Bonds

Motor Club

DRLP Required

  • No Line of Authority Required

Applicant Can

  • Submit renewals for individuals electronically.
  • Submit renewals for surplus lines for business entities.
  • Late renew through NIPR's Non-Resident Renewal Application.
  • Print licenses electronically.
  • Renew Variable if they currently hold and is also renewing Life

Business Rules

  • Applicants may use Non-Resident Licensing Renewals to late renew if they are applying within 30 days of expiration date.
  • Applicants must reinstate through Non-Resident Licensing starting day 31 following license 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.

  • 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.

  • All DRLPs supplied on the transaction must have an active license (resident or non-resident) 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.

 

  • Note: business entity licenses expire biennially on February 28th (29th on leap years).

All License Classes

Renewal Period: 90 days prior to expiration date – Expiration date of license

Late Renewal Grace Period (additional fee)-  Day 1-30 after expiration. Starting day 31 following license expiration date the applicant must reapply through Non-Resident Licensing.

 

Contact Information

Address

Office of Superintendent of Insurance
P.O. Box 1689
Santa Fe, NM 87504
United States

Mailing Address

P.O. Box 1689
Santa Fe, NM 87504
United States

Frequently Asked Questions

Online printing information can be found by going to NIPR's license print page and selecting the state..

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

No exam is required of an applicant for a license covering the same kind or kinds of insurance as to which licensed in this state under a similar license within five years preceding date of application for the new license, unless the previous license was suspended, revoked or continuation thereof refused by the superintendent

Not applicable.

Submit request/changes in writing to the New Mexico Department of Insurance.