Insurance License Hub

The New Mexico Insurance Premium Financing license

Insurance Premium Financing

Lends people the money to pay their premiums. The license runs on the state's own calendar rather than the holder's: it renews every year on the first day of May, whenever it was first issued.

Course

None

This license has no pre-licensing course route.

Ways in

1

There is no state exam for this license.

Exam

n/a

Not required on any of the routes below.

Every way to qualify

  1. Route 1 Post the bond and apply

    No state exam for this license

    • A surety bond in favor of the superintendent of not less than $10,000 in aggregate, filed before the license issues, conditioned to pay actual damages to the state, to a policyholder or to an insurer.

    • or

      A bank certificate of deposit in favor of the superintendent of not less than $10,000 in aggregate, on the same conditions.

    NMSA 59A-45-3: nobody may engage in the business of financing insurance premiums in New Mexico without first obtaining an insurance premium financing license from the superintendent. Subsection C leaves the procedure and the requirements to the superintendent's rules rather than setting them in statute, so the bond in 59A-45-4 is the only substantive condition the Act itself names. Renewal is annual on 1 May under subsection B, not on an anniversary, and the fee schedule prices both the original and the renewal at $100.

    Read at nmonesource.com on 2026-08-21

New Mexico sets no examination and no course for the premium financing license. No national seller prices a product for it.