If you’re getting near your New Mexico insurance license renewal date, keep your license active by taking your New Mexico insurance continuing education (CE) courses in advance of your expiration date.
This guide will provide you all the information you need to ensure you fulfill your NM insurance license renewal and insurance CE requirements on time.
|New Mexico Insurance License Renewal and CE Requirements|
|Expiration Time||Every 2 years|
|Required Continuing Education (CE)||24 credit hours|
|Renewal Cost||$60 per license + CE course cost|
|Recommended CE Course||Kaplan Education Company|
New Mexico Insurance Continuing Education
In order to keep your New Mexico insurance license in good standing with the state, you will need to renew your license by completing your New Mexico Insurance CE requirements before your expiration date.
In New Mexico, insurance licenses expire every two years. The expiration will be on the last day of your birth month, biennially. Renewal notices will be emailed to the email address on file 90 days prior to the expiration.
New Mexico Insurance Continuing Education Courses
Insurance CE comes in many forms. Most folks nowadays choose to take a self-paced course online, but you can also complete your credit hours by attending an in-person class or even a scheduled online webinar.
The most common method of continuing education today. These CE courses allow you to log in to an online platform any time of day to complete your credit hours. Most of these courses are a mixture of video and text combined with a knowledge exam at the end. Some platforms even allow you to take the course from your phone, which could be useful if you’re short on computer time.
This is how continuing education courses all began. Join your fellow insurance license holders for a live class taught by an industry professional. You may be able to find a “school” that provides all of your state’s required credits in a few full-day classes, or you might also take some shorter sessions to fill part of your requirements.
Scheduled Online Webinar
This is essentially the same as an in-person class, except you don’t have to travel away from your home or office. You will be taught by an instructor who will deliver the lesson at a specified time. Many webinars even allow you to interact with the instructor if you have specific questions.
Tip:Most courses certify completion by taking either a knowledge exam at the end or by counting attendance to all of the scheduled classes. If you want to save time, it’s best to go with a self-paced course. If you want no exam, try an in-person class or an online webinar.
New Mexico Insurance Continuing Education Requirements
The New Mexico Office of Superintendent of Insurance requires that all insurance producers and agents complete their continuing education requirements before their expiration date. In New Mexico, these requirements include:
- Twenty-four (24) total hours of New Mexico insurance continuing education every renewal period, which is two (2) years
- Three (3) of those hours must be in the subject of ethics
Note:If you have a producer license in more than one line of authority (ex. Property & Casualty and Life & Health), you do not need to take double hours. Your total amount of CE credit hours due is still twenty-four (24).
Once you completed the insurance CE course, your CE course provider will send a certificate of completion to the New Mexico Office of Superintendent of Insurance. Make sure to keep a printed copy of your certificate for your records.
Tip:It is recommended to complete all continuing education credits 30 days prior to the expiration date of the license. This will give the CE provider time to report the successful completion to the department of insurance. Your CE courses can be taken at any time within your license term.
New Mexico Insurance License Renewal
After you have completed your continuing education requirements, you may renew your New Mexico insurance license to keep it active.
Follow the steps below to complete your New Mexico insurance license renewal requirements ahead of your expiration date.
Step 1: Complete New Mexico Insurance License Continuing Education
Follow the steps above to complete your required 24 hours of CE.
Step 2: Apply for New Mexico Insurance License Renewal
According to the New Mexico Office of Superintendent of Insurance, you may renew your New Mexico insurance license by logging into NIPR. Choose the account where you signed up for during your New Mexico insurance license application.
NIPR charges $5.60 for processing. The New Mexico Office of Superintendent of Insurance provides no charge for processing, so it’s recommended to renew your license more than 30 days before your license expiration date.
Step 3: Pay the New Mexico Insurance License Renewal Fee
The renewal fee is $60 per line of authority. To avoid paying late renewal fees, you must complete CE hours and apply for renewal at least 30 days before your license expires. The late fee is $120 per line of authority.
Pay the renewal fees via NIPR by credit card, electronic check, or your chosen online payment system.
Once you complete the steps above before your expiration date, you can renew your license in New Mexico.
You’ve taken the steps you need to take and now your license is good for another two years!
What Happens If My Insurance License Expires In New Mexico?
In New Mexico, the New Mexico Office of Superintendent of Insurance will send you via email a renewal notice within 90 days before your license expires.
There is no continuing education “grace period”. Not meeting your CE requirements prevents you from renewing your insurance license.
The late renewal period is 31 days to one year after your expiration date. You must pay the $120 late renewal fee at NIPR.
There is a late renewal grace period from one to 30 days past your license expiration date. The late renewal grace period fee is $150 paid also via NIPR Renewal.
New Mexico Insurance License Lookup
You can look up the status of your New Mexico insurance CE credits and New Mexico insurance license renewal by using these resources:
- View your current accrued CE credits using the New Mexico State-Based Systems – NAIC tool
- Check your renewal status via NIPR.
- If you don’t know your insurance license number (National Producer Number or NPN), you can find your name within State-Based Systems Lookup Search. Select New Mexico as your jurisdiction and Licensee Search Type. Enter your information and click Search.
New Mexico Office of Superintendent of Insurance Contact Information
New Mexico Office of Superintendent of Insurance
Producer Licensing Bureau
P.O. Box 1689
Santa Fe, NM 87504-1689
Phone: (505) 827-4349
New Mexico Insurance License Renewal FAQ
How often do I need to renew my New Mexico insurance license?
In New Mexico, the expiration date or renewal date is most often based on the requirement to complete continuing education (CE) hours every two years. You must renew by this date and meet your CE hours.
You can find out when you need to renew your insurance license on the front of the license itself. The expiration date will be printed directly on the license. Make sure that you renew your insurance before this date.
How much does it cost to renew my New Mexico insurance license?
New Mexico charges a $60 renewal fee + CE provider cost. Check on New Mexico’s requirements to learn more about the costs you can expect to renew your insurance license.
Renewing your insurance license through the NIPR (National Insurance Producer Registry) comes with a $5.60 processing fee.
What are the continuing education requirements for New Mexico in renewing my insurance license?
You should check with the New Mexico Office of Superintendent of Insurance to determine how many hours you need and if there are restrictions on what kind of CE will be accepted.
Continuing education topics include insurance policies, ethics, insurance law, and more. Some topics apply to all insurance agents, such as claims and tax updates. Other classes will be geared toward specific lines, such as property and casualty or life and health.
See above to find out more about New Mexico Insurance CE courses and requirements.
How do I document the completion of my continuing education courses?
Sending in course completion paperwork to the state is typically the responsibility of the course provider. As the individual taking the course, you will not need to send in documentation.
If you want to check your continuing education progress and make sure that all completed courses are in your state file, you can use your state’s online system to look up license information, including continuing education completion.
What is NPN for an insurance agent?
You will need your National Producer Number, or NPN, to renew your insurance license. This number is assigned to each individual working in insurance when they are first licensed. If you are unsure of your NPN, you can look it up on the National Insurance Producer Registry using your license number or social security number.
Information on this page has been gathered by a multitude of sources and was most recently updated in August 2022.
Any Information on this site is not guaranteed or warranted to be correct, accurate, or up to date. StateRequirement and its members and affiliates are not responsible for any losses, monetary or otherwise. StateRequirement is not affiliated with any state, government, or licensing body. For more information, please contact your state's authority on insurance.
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