Insurance License Hub

Getting an insurance license in New Mexico

New Mexico licenses through the New Mexico Office of Superintendent of Insurance, which calls the licensee a producer. Which license you need depends on what you intend to sell, and the requirements differ sharply between them.

License types

Is a course required?

New Mexico requires no pre-licensing course for Insurance Producer, Temporary Insurance Producer, Adjuster, Insurance Consultant, Viatical Broker, Viatical Settlement Provider, Surplus Lines Broker, Title Insurance Producer, Credit, Portable Electronics, Rental Car Agent, Self-Service Storage Insurance Producer, Limited Lines Travel Insurance Producer, Insurance Vending Machine, Insurance Administrator, Insurance Premium Financing, Motor Club Representative, Pharmacy Benefits Manager, Independent Review Organization, Service Contract Provider.

The Producer Licensing Bureau's own rule for resident licenses runs to more than a hundred sections and mentions pre-licensing education in none of them. What it requires of the license types it covers is the examination, and its only education provisions are continuing education. A sourced zero read off the rule that governs the license rather than off a page about it. The list is longer than the rule because most of what the Office issues is not in the rule at all: the Insurance Code creates the limited producer lines, the administrator, the premium financing company, the pharmacy benefits manager, the independent review organization and the rest, and not one of those articles sets a course. Three of them do set training, and in every case it lands on somebody other than the applicant: NMSA 59A-62-8 makes the supervising entity train the storage facility's counter staff on a program the superintendent approves, 59A-32A-5(D) makes the rental car company train its endorsees on a program the insurer has to have reviewed, and 59A-64-3(B)(6) makes the travel producer train the travel retailer's staff on a program the superintendent may review. None of the three is a condition on the person applying, and no school is approved to sell any of them.

Read at srca.nm.gov on 2026-08-21 . 13.4.2 NMAC

New Mexico requires pre-licensing education for Bail Bondsman, Bail Solicitor , at 10 hours.

Ten clock hours of formal classroom education, and a clock hour here is defined as 50 minutes of continuous instruction rather than 60. On top of it sit thirty clock hours of on-the-job training under a plan the sponsoring bail bondsman files with the superintendent each January, and 13.20.2.14 NMAC bars the examination until both are finished, so the real total is forty hours and only ten of them are for sale. The superintendent may waive the education where the applicant's background and experience warrant it. New Mexico also tells providers where to teach: courses must be offered in at least two parts of the state 150 driving miles apart until enough classes exist statewide.

Read at srca.nm.gov on 2026-08-16 . 13.20.2.11 NMAC

Fees

Charge Paid to Amount
Original producer license Set in statute at NMSA 59A-6-1(E)(1), covering the application and the issuance together. A temporary license is the same $30 under paragraph (4) and carries no examination fee. New Mexico Office of Superintendent of Insurance $30.00
Biennial continuation of producer license Twice the original, which is unusual, and not a cost of getting a first license. New Mexico Office of Superintendent of Insurance $60.00
Appointment, per kind of insurance, per insurer Filed and paid by the insurer, and $20 again each year to continue, so it scales with how many insurers appoint the producer and across how many kinds of insurance. New Mexico Office of Superintendent of Insurance $20.00
Agency business entity license The entity form of the producer license and an alternative to the individual's $30 rather than an addition to it, so no cost page may total it. New Mexico Office of Superintendent of Insurance $30.00
Insurance vending machine license, each machine Per machine, so an operator of ten machines pays ten times. The biennial continuation is $50 a machine. New Mexico Office of Superintendent of Insurance $25.00
Surplus lines broker license The biennial continuation is $200. New Mexico Office of Superintendent of Insurance $100.00
Adjuster license The biennial continuation is $60. New Mexico Office of Superintendent of Insurance $30.00
Insurance consultant license The consultant is priced its own examination fee of $75 at 59A-6-1(M)(2) as well as the general one at (H), and the biennial continuation is $100. New Mexico Office of Superintendent of Insurance $50.00
Viatical settlement broker license The biennial continuation is $200. New Mexico Office of Superintendent of Insurance $100.00
Viatical settlement provider license Ten times the broker's fee for the other side of the same transaction. The biennial continuation is $400. New Mexico Office of Superintendent of Insurance $1,000.00
Insurance premium financing license Renewed annually on 1 May for the same $100, whenever the license was first issued. New Mexico Office of Superintendent of Insurance $100.00
Motor club representative registration Per representative, filed by the club. The biennial continuation is $60 each. New Mexico Office of Superintendent of Insurance $30.00
Bail bondsman or solicitor license The examination is $50 each time it is sat, which is $25 less than every other New Mexico examination, and the biennial continuation is $60. New Mexico Office of Superintendent of Insurance $30.00
Insurance administrator license For the business entity. The biennial continuation is $200, the examination $75 and the annual report $50. New Mexico Office of Superintendent of Insurance $100.00
Pharmacy benefits manager license Continued annually rather than biennially, at $500 for each year continued, with $200 for each annual report. New Mexico Office of Superintendent of Insurance $1,000.00
Independent review organization license The biennial continuation is $100. The row was added to the fee schedule with effect from 1 July 2017. New Mexico Office of Superintendent of Insurance $250.00
Service contract provider registration Set by NMSA 59A-58-5(A)(4)(b) rather than by the fee schedule, which prices no service contract provider. Valid for one year from the date it is filed. New Mexico Office of Superintendent of Insurance $500.00
Continuing education provider, per course of instruction Paid by the school rather than by the applicant, per course, with $40 for the biennial continuation of each one. New Mexico Office of Superintendent of Insurance $80.00

Every amount above was read at its own source on 2026-08-21. Exam and fingerprint charges go to a vendor, not to the Department, and say so.

Approved courses

New Mexico accredits the provider, and only for bail bonds: the insurance education committee and the superintendent approve who may teach the ten hours and the curriculum they teach. For producers there is nothing to approve. The state runs on State Based Systems and a New Mexico pre-licensing search there returns nothing at all, so the bail bonds accreditation is not published as a course register anywhere we can read. The fee schedule confirms the shape from the other end: 59A-6-1(CC) charges a continuing education provider $80 to file a course of instruction and $40 to continue it, and prices no pre-licensing course at all.