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New Mexico

New Mexico State Requirements

Updated: 12/16/2013

Continuing Education Hours

  • 15 hours annually
  • 7 hours annually for title guaranty licensees

Course Subject Requirements

  • Must complete 1 hour of ethics as part of the basic requirement.
  • All property and casualty producers who sell flood insurance must complete a one-time 3-hour course approved for National Flood Insurance Program (NFIP) training.
  • Approved courses must be completed in lines of insurance for which license is held.

Continuing Education Compliance Date

September 30, annually. Late filing allowed through 10/30 without a fee. CE compliance filed 11/1 through 3/1 must include a $50 late fee.

License Renewal Date

Annually, September 30

Type of courses accepted for CE Credit

Independent self study courses or classroom
Self study allowed only for licensees living in areas where classes are not offered or where class attendance would impose a hardship

Carryover Requirements

Not allowed

Course Repetition

Courses may not be repeated more than once in a three year period

Final Exam

Self-study final exams are not required to be monitored.

Exemptions

  • Individuals who have been continuously licensed for 25 years or more. (Must file a notarized statement outlining the 25 years of experience.)
  • Individuals who maintain a license solely for the purpose of receiving renewal fee residuals who do not otherwise transact insurance.
  • Newly licensed individuals are exempt for the reporting period in which the license is issued, unless previously licensed as a resident or nonresident in New Mexico.
  • Individuals who act as agents for fraternal benefit societies
  • Individuals holding limited licenses for transportation/ baggage insurance or credit life/health insurance.

Method to Certify Completion

Your certificate of completion will be printed and mailed to your permanent address on file. The licensee submits the original certificates of completion and the CE filing fee of $1.00 per credit hour, to Promissor by the compliance date. The licensee keeps copies of the certificates of completion in his or her files for three years.

Nonresidents

Eligible for compliance if license meets home state CE requirement. Licensee must submit proof of home state compliance and the CE filing fee.

For Additional Information please Contact:

New Mexico Department of Insurance
P.O. Drawer 1269
Santa Fe, NM 87504-1269

Phone: (888) 427-5772
Fax: (505) 827-4734

State Website: http://www.nmprc.state.nm.us/id.htm

 



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