How to become an insurance agent in New Mexico
New Mexico insurance agents are licensed by the New Mexico Office of Superintendent of Insurance (OSI). Here is what it takes to work as a licensed insurance agent in New Mexico, from official sources checked November 4, 2026.
Part of the state's website could not be reached when we checked, so some details come from New Mexico law and official forms. Confirm them on the official page before you apply.
Who can become an insurance agent in New Mexico?
- Pass the New Mexico PSI exam with at least 70%, unless eligible for an exam waiver
- Pass a national fingerprint background check through IdentoGO
New Mexico insurance agent license requirements
| State license | Yes. The state insurance regulator issues resident insurance producer licenses. |
|---|---|
| Licensed by | New Mexico Office of Superintendent of Insurance (OSI) |
| License name | Resident Insurance Producer (lines such as Life, Accident and Health or Sickness, Property, Casualty, Personal Lines) |
| Education or training | No pre-licensing education requirement for producers is stated on OSI's licensing page or in its instructions. |
| Exam | PSI gives the New Mexico exams; the minimum passing score is 70%. |
| License term | Two years; licensees generally have 24 months to complete CE before expiration. |
| Continuing education | 24 credit hours before each renewal (21 general and 3 ethics). |
How much does it cost?
| Insurance producer first-time/new license | $30 |
|---|---|
| Renewal submitted before expiration | $60 |
| Late renewal, 1-30 days late | $150 |
| National background check (IdentoGO) | $67 |
Fees as listed by the state. Schools, courses, exam prep, insurance and equipment cost extra and vary by provider.
Steps to become an insurance agent in New Mexico
- Pass the New Mexico exam through PSI (70% minimum)
- Complete the national background check through IdentoGO using OSI service code 2BH27J
- Allow 3-5 days for OSI to receive the report, which is valid for 90 days
- Apply online through NIPR
- Allow up to 30 days for processing
Apply on the official New Mexico site
How do you check an insurance agent's license in New Mexico?
- Search the name or license number on the official New Mexico insurance agent license lookup.
- Check that the status is active and the name matches the person or company you're hiring.
- Ask how long they've been licensed and whether any complaints or discipline are on record.