Producers are key resources for New Mexicans looking for quality insurance products. OSI promotes insurance and application assistance, handles producer licensing, enforces continuing education requirements, and ensures compliance with state laws around the marketing and sale of insurance. OSI strives to ensure that these companies have a proven history of fair and reasonable rates and are represented by trustworthy and qualified insurance producers. OSI is committed to consumer protection and to the deterrence and prosecution of insurance fraud.
Lines of Authority
Article 7 – Kinds of Insurance
To bring New Mexico into conformity with national uniform standards and to
streamline processes, New Mexico will now have six major lines of authority and four limited lines. The major lines of authority are Life and Annuity, Accident and Health or Sickness, Property, Casualty, Variable Life and Variable Annuity, and Personal Lines. The limited lines of authority are Lines of Authority beginning July 2017 Credit, Crop, Travel, and Title.
Descriptions of the lines have been replaced in the statute by a list of those types of insurance that fall under each of the six lines of authority. See §59A-7-1 through 7-9 NMSA 1978.
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