Fee Schedules

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
Phone: 1-855-4ASK-OSI (1-855-427-5674)
1120 Paseo de Peralta, Suite 428
Santa Fe, NM 87501