Fee Schedules
Fees shown are state fees only. All fees are in pursuant with NM Insurance Code 59A 6-1 and 59A 11-10.
These fees do not include NIPR/SBS transaction fees.
Fees shown are state fees only.
These fees do not include NIPR/SBS transaction fees
Individual License Type
| Individual License Type | Initial License Fee |
|---|---|
| Adjuster – Independent Public Staff |
$30.00 $30.00 $30.00 |
| Insurance Producer | $30.00 |
| Insurance Consultant | $30.00 |
| Limited Surety | $30.00 |
| Motor Club Representative | $30.00 |
| Bail Bondsman Property | $30.00 |
| Bail Bond Solicitor | $30.00 |
| Solicitor | $30.00 |
| Surplus Line Broker | $100.00 |
| Viatical Settlement Broker | $100.00 |
Business Entity License Type
| Business Entity License Type | Initial License Fee |
|---|---|
| Insurance Producer | $30.00 |
| Independent Adjuster | $30.00 |
| Public Adjuster | $30.00 |
| Surplus Line Broker | $100.00 |
| Bail Bond Property | $30.00 |
| Third Party Administrator | $100.00 |
| Insurance Consultant | $50.00 |
| Pharmacy Benefits Manager | $1000.00 |
| Portable Electronics | $30.00 |
| Rental Car | $30.00 |
| Viatical Broker | $100.00 |
Miscellaneous
| Miscellaneous | |
|---|---|
| Affiliations | $20.00 (Renewed Annually) |
| Appointments | $20.00 per LOA (Renewed Annually) |
| Letter of Certification | $10.00 |
| Letter of Clearance | $10.00 |
| Name Change | $30.00 |
Continuing Education
| Continuing Education | |
|---|---|
| CE Credits | $1.00 per credit |
| Original Course | $80.00 |
| Course Renewal | $40.00 |
Individual License Types
All Individual licenses will expire as of midnight on the last day of the licensee’s month of birth.
Insurance Producer
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Bail Bond Property
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Bail Bond Solicitor
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Independent Adjuster
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Insurance Consultant
- Application Fee: $50.00
- Biennial Continuation of License Renewal Fee: $100
- Late Renewal Fee: $250.00 ($100.00 + $150.00 = $250.00)
Limited Surety
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Motor Club
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Public Adjuster
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Solicitor
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Staff Adjuster
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
- Reinstatement of license Fee: $120.00 (31 – 365 days)
Surplus Line Broker
- Application Fee: $100.00
- Biennial Continuation of License Renewal Fee: $200.00
- Late Renewal Fee: $500.00 ($200.00 + $300.00 = $500.00)
- Reinstatement of license Fee: $400.00 (31 – 365 days)
Viatical Broker
- Application Fee: $100.00
- Biennial Continuation of License Renewal Fee: $200.00
- Late Renewal Fee: $500.00 ($200.00 + $300.00 = $500.00)
- Reinstatement of license Fee: $400.00 (31 – 365 days)
Temporary Insurance Producer – Valid for 180 days only
- Application Fee: $30.00
Business Entities/Agencies
All Business Entity licenses will expire March 1.
Insurance Producer
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Bail Bond Property
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Independent Adjuster
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Insurance Consultant
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $100.00
- Late Renewal Fee: $250.00 ($100.00 + $150.00 = $250.00)
Limited Surety
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Motor Club
- Application Fee: $30.00
- Biennial Continuation of License Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Pharmacy Benefit Manager (PBM)
- Application Fee: $1.000.00
- Annual Report Fee: $200.00
- Annual Continuation of License Renewal Fee: $500.00
- Late Renewal Fee: $1,250.00 ($500.00 + $750.00 = $1,250.00)
Public Adjuster
- Application Fee: 30.00
- Biennial Continuation of License Fee Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Solicitor
- Application Fee: $30.00
- Biennial Continuation of License Fee Renewal Fee: $60.00
- Late Renewal Fee: $150.00 ($60.00 + $90.00 = $150.00)
Surplus Line Broker
- Application Fee: $100.00
- Biennial Continuation of License Renewal Fee: $200.00
- Late Renewal Fee: $500.00 ($200.00 + $300.00 = $500.00)
Third Party Administrators (TPA)
- Application Fee: $100.00
- Annual Report Fee: $50.00
- Biennial Continuation of License Renewal Fee: $200.00
- Late Renewal Fee: $500.00 ($200.00 + $300.00 = $500.00)
Viatical Broker
- Application Fee: $100.00
- Biennial Continuation of License Renewal Fee: $200.00
- Late Renewal Fee: $500.00 ($200.00 + $300.00 = $500.00)
Miscellaneous Fees
Affiliation
- Line of Authority Combination: All / Excluding Pharmacy Benefit Mgr, Rental Car, Third Party Admin, Portable Electronics
- Original Fee: $20
- Renewal $20 (done annually)
Letter of Clearance
- Must be submitted with letter of surrender
- Fee Disclaimers: $10
Late CE penalty
- Fee Disclaimer: $50
Name change
- With supporting documents
- Fee Disclaimers: $30 (if after 30 days $50 additional penalty)
Continuing Education Providers
- Application Fee: $80.00
- Biennial Continuation of Course of Instructions Fee: $40.00
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