Producer Licensing Bureau
The Producer Licensing Bureau is responsible for the licensing and regulation of individuals and businesses who conduct insurance business in the state of New Mexico. To protect insurance consumers the bureau determines the qualifications and eligibility of applicants and processes license applications, company appointments by insurers, renewals, banking of continuing education credits, and approval of pre-licensing and continuing education courses.
In 2016 the New Mexico Legislature enacted new laws that make significant changes to the way individuals and business will be licensed in New Mexico. The new laws and conversion to a new licensing system, State Based Systems (SBS), are intended to streamline the licensing process. July 1, 2017, is the effective date for the new laws to take effect and the conversion to the new licensing system.
The information provided below is intended to assist licensees by providing information and guidelines regarding the new licensing laws. You are urged to familiarize yourself with the new laws and licensing procedures.
All licensees (individual and business entities) licensed prior to July 1, 2017, and whose license expires on April 30, annually, are required to renew their license. Renewals must be completed online. Renewal notices will no longer be mailed out to the licensees.
- Notice of Compliance Requirements (Effective Immediately)
- Proposed Rulemaking – Producer Licensing – Continuing Education
- Notice of Proposed Rulemaking – Continuing Education Rules
- Exam Vendor Request for Information
- Instructions for Applying for a License
- Summary of Upcoming Changes to the New Mexico Insurance Code
- Pharmacy Benefits Manager Complaint Form
- Non-Criminal Justice Applicants Privacy Rights.
- Bulletin 2015-030 Interpretation and application of NMSA 1978 59A-11-3(A) and 59A-12-15.
- Bulletin 2015-022 Requirement to submit a complete application pursuant to NMSA 1978 59A-11-1 ET seq. and 13.4.1 through 13.4.6 NMAC.
- Bulletin 2015-020 NMSA 1978, 59A-16-17, Unfair discrimination, rebates prohibited; other coverages.
- Bulletin 2015-019 Pre-Licensing Pursuant to 1978, 59A-51-4.1 AND 13.20.2 NMAC.
- Bulletin 2015-018 Continuing education pursuant to NMAC 1978, 59A-51-4.1(B), effective May 21, 2014.
- Bulletin 2015-017 Interpretation of 188.8.131.52 NMAC in context with 184.108.40.206 NMA.
- Bulletin 2015-015 Excepted benefit plans disclosure [Repeals and Replaces Insurance Bulletin No. 2014-003].
- Bulletin 2015-014 Application of Medical Insurance Pool(MIP) Credits to premium tax liability.
Bulletin number 2015-014 is Amended and may be found at 2015-027
- Notice of Long Term Care Training Requirements.
- Office of Superintendent of Insurance will NO longer be accepting checks payable to the “Public Regulation Commission”. Please make checks payable to “Office of Superintendent of Insurance”.
- 4/26/2013 Notice of New Vendor ( OLD FORM PRC)
- Customers making payments to the Office of Superintendent of Insurance (OSI):
When you provide a check as payment, you authorize the State of New Mexico to either use information from your check to make a one-time electronic fund transfer from your account or to process the payment as a check transaction.
Forms and Applications
- 1033 Application for Written Consent
- Adjuster DHS Change Form
- Address Change Form
- Address Change – Every licensee is required to notify the Office of Superintendent of Insurance of an address change within 30 days of the change.
- Online: You can change your address online at http://www.nipr.com/ Please note: the online service is not available for those who are changing states.
- Affiliation Form 202B
- Affiliation Termination Form 202C
- Annual TPA Exemption Filing Form
- Assumed Name Approval Form 202D
- Business Entity Name Change Request Form 210B
- DRLP Change Request Form
- Emergency Adjusters
- License Cancellation Request
- List Request Form (220)
- Public Adjuster Surety Bond
- Public Adjuster Contract
- Public Adjuster Disclosure Form 230
- Independent Adjuster Surety Bond
- Individual Licensee Name Change Request form 210C
- Letter of Clearance 201
- Letter of Certification 200
- Third Party Administrator Annual Report
Self Service Storage
- What is the difference between an Agent and a Broker?
An Agent represents an insurer and a Broker represents an insured.
- What is the difference between an Agent and a Solicitor?
An Agent is sponsored/appointed by an insurer. A Solicitor is sponsored/appointed by an Agent.
- What is the difference between a Broker and an Adjuster?
An Adjuster settles claims for an insurer. A Broker represents an insured usually by procuring tailored specific insurance coverages.
- When are Renewals due each year?
All Renewals are due by April 1st except for Motor Club Renewals, which are due December 31st.
- When is Continuing Education due each year?
All Continuing Education is due by September 30th. This only applies to Resident Agents. Non-Resident Agents are exempt from this requirement.
- Do Corporations/Partnerships have to register with the New Mexico Secretary of States Office prior to being licensed with Agents Licensing?
- Do Resident Agents switching from a Non Resident license to a Resident license have to take the New Mexico Insurance Examination?
- Does a Third Party Administrator have to be licensed in the State of New Mexico if the entity only handles a limited portion of the claims process?
- Does an individual applying for a Resident Agent license with a CLU designation have to take the New Mexico Insurance Examination?
- If a Producer/Agent assigns his commissions to an Agency, does the Agency need to be licensed in the State of New Mexico as well?
- For an Agency Name Change or Change of Federal ID Number, do you have to make changes with the Secretary of States Office first prior to submitting paperwork to Agents Licensing?
- Are Viatical Brokers regulated and have existing license requirements?
- Does the Life License qualify for Viatical Broker Licensure? Or is there a specific license type?
Yes, however, if you are not licensed for Life, you must take the Life Examination.
Contact the Producer Licensing Bureau