NEW MEXICO Resident License Renewal for Individuals

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State Announcements

Individual license numbers have been converted to the National Producer Number.

Primary Rules (Individual)

Response Question
Yes Accepts renewals for individuals electronically.
Yes Accepts renewals for surplus lines for individuals.
Yes Applicant can late renew through NIPR's Resident License Renewal Application.
No Partial renewals allowed.
Yes License printing available electronically.
Yes Applicant must currently hold and renew life if they are renewing variable.

License Printing

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

Renewal Period (Individual)

License Class Renewal Period Late Renewal Grace Period (additional fee) Late Renewal Period (additional fee)
All License Classes 90 days prior to expiration date – Expiration date of license Day 1-30 after expiration Day 31- one year after expiration.

Business Rules (Individual)

The NIPR does not maintain or process course completion data.  Access to the renewal application is granted once the state electronically notifies the NIPR that you are CE compliant.  We are unable to override the status.  You may select your resident state name from the map on the following link: /map_continuing_education_requirements.htm to view your CE transcript and determine whether the state has updated your status to compliant in their system and on what date.  It generally takes up to 72 hours from the compliance date for the status to be updated in our system.

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

Applicants must reinstate through Resident Licensing one year after license expiration date.

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

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

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) CE Verified before Application
Insurance Producer Casualty Yes
Insurance Producer Property Yes
Insurance Producer Accident and Health or Sickness Yes
Insurance Producer Life Yes
Insurance Producer Variable Life and Variable Annuity No
Insurance Producer Personal Lines Yes
Insurance Producer Credit No
Insurance Producer Travel No
Insurance Producer Title Yes
Insurance Producer Crop No
Insurance Producer Fraternal Life No
Insurance Producer Fraternal Accident and Health or Sickness No
Insurance Producer Fraternal Variable Life and Variable Annuity No
Bail Bond Property None Yes
Bail Bond Solicitor None Yes
Independent Adjuster None No
Insurance Consultant Casualty No
Insurance Consultant Property No
Insurance Consultant Accident and Health or Sickness No
Insurance Consultant Life No
Insurance Consultant Variable Life and Variable Annuity No
Limited Surety Surety Bail Bonds Yes
Motor Club None No
Staff Adjuster None No
Surplus Line Broker None No
Viatical Broker Life No
Viatical Broker Variable Life and Variable Annuity No
Solicitor Surety Bail Bonds Yes
Public Adjuster None No

Renewal 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 Renewal Fee * Late Renewal Grace Period Fee * Late Renewal Fee *
Insurance Producer $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Bail Bond Property $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Bail Bond Solicitor $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Independent Adjuster $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Public Adjuster $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Insurance Consultant $100.00 $150.00 ($100 renewal fee + $50 late fee) $200.00 ($100 renewal fee + $100 late fee)
Solicitor $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Limited Surety $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Motor Club $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Staff Adjuster $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Surplus line broker $200.00 $300.00 ($200 renewal fee + $100 late fee) $400.00 ($200 renewal fee + $200 late fee)
Viatical Broker $200.00 $300.00 ($200 renewal fee + $100 late fee) $400.00 ($200 renewal fee + $200 late fee)

* Per application.

Contacts

Last Update: 7/25/2017

NEW MEXICO Resident License Renewal 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 renewals for business entities electronically.
Yes Accepts renewals for surplus lines for business entities.
Yes Applicant can late renew through NIPR's Resident License Renewal Application.
No Partial renewals allowed.
Yes License printing available electronically.
Yes Applicant must currently hold and renew life if they are renewing variable.

License Printing

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

Renewal Period (Business Entity)

License Class Renewal Period Late Renewal Grace Period (additional fee) Late Renewal Period (additional fee)
All License Classes 90 days prior to expiration date – Expiration date of license Day 1-30 after expiration Day 31- one year after expiration.

Note: business entity licenses expire biennially on April 30th with the exception of Pharmacy Benefit Mgr licenses which expire annually on October 31st.

Business Rules (Business Entity)

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

Applicants must reinstate through Resident Licensing one year after license expiration date.

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

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.

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

Insurance Producer, Bail Bond Property, Independent Adjuster, Insurance Consultant, Solicitor, Limited Surety, Motor Club, Surplus Line Broker, Public Adjuster and Viatical Broker applications must have at least one affiliation on record.

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
Insurance Producer Casualty Yes
Insurance Producer Property Yes
Insurance Producer Accident and Health or Sickness Yes
Insurance Producer Life Yes
Insurance Producer Variable Life and Variable Annuity Yes
Insurance Producer Personal Lines Yes
Insurance Producer Credit Yes
Insurance Producer Travel Yes
Insurance Producer Crop Yes
Insurance Producer Title Yes
Insurance Producer Fraternal Life Yes
Insurance Producer Fraternal Accident and Health or Sickness Yes
Insurance Producer Fraternal Variable Life and Variable Annuity Yes
Rental Car None No
Bail Bond Property None Yes
Portable Electronics None No
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
Limited Surety Surety Bail Bonds Yes
Motor Club None Yes
Pharmacy Benefit Mgr None No
Surplus Line Broker None 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
Solicitor Surety Bail Bonds Yes
Public Adjuster None Yes

Renewal 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 / LOA Combination License Renewal Fee * Late Renewal Grace Period Fee * Late Renewal Fee *
Insurance Producer $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Bail Bond Property $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Portable Electronics $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Independent Adjuster $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Public Adjuster $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Insurance Consultant $100.00
Plus
$20.00 per affiliation
$150.00 ($100 renewal fee + $50 late fee)
Plus
$30.00 per affiliation
$200.00 ($100 renewal fee + $100 late fee)
Plus
$40.00 per affiliation
Solicitor $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Limited Surety $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Motor club $60.00
Plus
$20.00 per affiliation
$90.00 ($60 renewal fee + $30 late fee)
Plus
$30.00 per affiliation
$120.00 ($60 renewal fee + $60 late fee)
Plus
$40.00 per affiliation
Pharmacy Benefit Mgr** $500.00** $750.00** ($500 renewal fee + $250 late fee) $1,000.00** ($500 renewal fee + $500 late fee)
Rental Car $60.00 $90.00 ($60 renewal fee + $30 late fee) $120.00 ($60 renewal fee + $60 late fee)
Surplus Line Broker $200.00
Plus
$20.00 per affiliation
$300.00 ($200 renewal fee + $100 late fee)
Plus
$30.00 per affiliation
$400.00 ($200 renewal fee + $200 late fee)
Plus
$40.00 per affiliation
Third Party Admin** $200.00** $300.00** ($200 renewal fee + $100 late fee) $400.00** ($200 renewal fee + $200 late fee)
Viatical Broker $200.00
Plus
$20.00 per affiliation
$300.00 ($200 renewal fee + $100 late fee)
Plus
$30.00 per affiliation
$400.00 ($200 renewal fee + $200 late fee)
Plus
$40.00 per affiliation

* 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.

Contacts

Last Update: 7/25/2017

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