New Mexico

2019 Appointment Renewals Announcement

State Requirements

Renewal Period

  • -

Late Renewal Periods

Termination Deadline

Invoice Date

Other Important Dates

  • Companies may begin paying their appointment renewal invoices beginning on Friday, March 2020. The appointment renewal period will run until 5:00 PM CDT on Tuesday, April 2020.
  • Payments received after 5:00 PM CDT, May 2020 will not be accepted.
  • Appointments not renewed by 5:00 PM CDT May 2020 will be cancelled by New Mexico.
  • New Mexico does not issue refunds.

State Fees

-

  • $20/LOA/Appointment

Additional Late Fees

  • $30/LOA/Appointment
Fee Disclaimer:
Late Renewal May 1, 2020-May 31, 2020

License Classes / Lines of Authority

Insurance Producer, Limited Surety Individual

Standard Rules

  • Transactions Declined During Down Time: N/A
  • Effective Dates Honored When Processing is Turned On: N/A
  • PDB Alerts Turned Off: No
  • Appointments Updated to Show Renewed on PDB: Yes

Business Rules

  • Electronic processing through NIPR is mandatory and continuation invoices cannot be paid directly to the Department of Insurance.
  • Companies will not be allowed to terminate any appointments on the list, once the invoice and list has been generated and made available.
  • Electronic payment options chosen through NIPR will immediately reflect the invoices as paid and NIPR will forward payment and renewal transactions to the state within 24 hours of that payment.
  • Appointment Renewal and NIPR processing fees are non-refundable.
  • Failure to remit payment by the due date will result in a Late Penalty of 150% of the Invoice Fee.
  • Appointment terminations can only be processed for appointments that are shown as active on the PDB at the time the termination transaction is sent to NIPR.

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

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