State Requirements

Business Entity Affiliation Renewal Requirement

• License Type Applicability
• New Mexico requires most Business Entity license types to maintain annual affiliation compliance through the Office of Superintendent of Insurance (OSI).
• License types that require affiliations:
• Insurance Producer (except Self-Service Storage line of authority)
• Insurance Consultant
• Independent Adjuster
• Public Adjuster
• Motor Club
• Bail Bond Property
• Limited Surety / Surety Bail Bonds
• Surplus Lines Broker
• Third-Party Administrator
• Viatical Broker
• License types that do not require affiliations:
• Insurance Producer – Self-Service Storage
• Portable Electronics
• Rental Car
• Affiliation Renewal Timing
• New Mexico Business Entity licenses renew biannually at the end of February.
• Affiliations must be renewed every year, even in years when the license itself is not renewing.
• When the Business Entity License IS Up for Renewal
• The affiliation renewal fee is included with the online license renewal payment submitted through NIPR.
• No separate affiliation invoice is issued by OSI for that renewal year.
• When the Business Entity License Is NOT Up for Renewal
• OSI issues an Affiliation Renewal Invoice to the business email address on file.
• Payment must be submitted directly to OSI and received before March 1.
• Payments received on or after March 1 are considered late and are not accepted.

• Additional Affiliation Information
• Business entities subject to affiliation requirements must maintain at least one active affiliated licensee for the life of the license.
• Business entities should audit existing affiliations annually using the SBS License Lookup prior to November 1.
• Form 202B is used to add affiliates.
• Form 202C is used to remove affiliates.
• Affiliations are automatically terminated when a licensee’s license is no longer in Active status.
• Renewal invoices are emailed to the business email address on file.

• Important
• NIPR does not collect affiliation renewal invoices, forms, or payments.
• NIPR cannot answer questions regarding affiliation status or payment issues.
• All affiliation renewals and questions must be directed to OSI.
• For complete renewal instructions, refer to the Office of Superintendent of Insurance website.
• For affiliation questions, contact OSI directly: Agents.licensing@osi.nm.gov

Applicants may use Resident Licensing Renewals to late renew if they are applying within 30 days of expiration date.

Applicants must reinstate through Resident Licensing one year after starting day 31 following license expiration date 

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

The Designated Responsible Licensed Producers (DRLP) 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.

• The DRLP(s) must have an active resident or non-resident license in New Mexico.

Surplus Line Broker applicants must have an active Insurance Producer license for both single lines of Property and Casualty.

Current Title holders will automatically receive the Escrow Line of Authority (LOA) in addition to their Title LOA. Future applicants can take exams for Title, Escrow, or both, and will be able to apply for the corresponding LOAs.

Independent Adjuster licenses will be converted to the Property and Casualty LOA, with options to add Workers Compensation and Public Entity LOAs.

New Lines of Authority for Insurance Consultants (including Fraternal, Fraternal Accident and Health, Fraternal Life, and Fraternal Variable Life and Annuity) will apply to the same license types.

Self-Service Storage applicants will need to submit training materials to Agents.licensing@osi.nm.gov after submitting application.

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.