How to Become a Licensed Insurance Agent in New Mexico

Insurance agents must be licensed in New Mexico to do business there.

Insurance agents must be licensed by the state of New Mexico before transacting business there. Unlike some other states, New Mexico does not require pre-licensing education training for agents prior to taking the state exam. Testing and application submission is done primarily through the state's approved vendor Prometric. You must follow the licensing application instructions exactly as listed on the New Mexico Public Relations Commission website. If you fail to follow the instructions, your application could be delayed or denied.

Instructions

1. Go to the New Mexico Public Relations Commission website and download the NAIC Uniform Application. Find this and all other forms on the agent/producer home page by clicking the tab "Forms & Applications" from the left-hand column. Also download the exam registration form from the same page.

2. Print the NAIC Uniform Application and Exam Registration Form and fill them out completely.

3. Pay all appropriate fees. As of June 2010, these fees are $30 for the application and $80 for exam registration.

4. Send all applications and fees to Prometric's New Mexico processing office at:

   Prometric, 2538 Camino Entrada, Suite 204, Santa Fe, NM 87507.

5. Contact Prometric online or by phone at [phone] after receiving exam approval. Schedule your exam and write down your confirmation number.

6. Take and pass your licensing exam. If you are applying for more than one license, more than one exam will be required.

7. Become appointed with an insurance company, authorizing you to sell its products. You must file an appointment form with the state for the company you represent. Appointment forms are available for download on the same web page as the other applications. Appointment fees are $20 for each line of business you intend to sell.

Tips & Warnings

• If you are already appointed with an insurance company prior to requesting an exam, you can submit the appointment application and fees with your other paperwork.

• Your application fee is valid for six months. Your exam registration fee is valid for 90 days. You must take your exam within these time frames or you must re-apply and submit new fees.

References

• New Mexico Public Relations Commission Insurance Division: Exam Application Instructions
• New Mexico Public Relations Commission: Agent Licensing Home
• Prometric: New Mexico
• Learn Insurance: New Mexico Insurance Pre-Licensing Requirements