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New Mexico Department of Insurance |
Helpful Links |
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ph: (505) 827-4551 fax: (505) 827-4734 email: insbureau@state.nm.us website: http://www.osi.state.nm.us/ |
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In order to renew your insurance license, you must complete the required continuing education hours for the lines of insurance that you are licensed in. All of the hours must be completed and reported prior to your license renewal date to avoid a lapse in your license.
Total Hours
24 hours (including 3 hours of Ethics) are required biennally for Producers and Adjusters
Effective 2/27/2018: A minimum of 3 hours must be completed in a classroom or live webinar course. Licensees are responsible for tracking this requirement and are subject to audit by the superintendent.
Compliance Renewal Date
For licenses issued or renewed after 7/1/2017 - license term ends on the last day of the producer's birth month, biennially. Even birth years renew in even years, odd birth years renew in odd years.
You may also need to take specific courses or earn specific credit types to renew your license. These course completions will count toward the total hour requirement.
Approved courses must be completed for lines of insurance for which license is held.
For All Licenses:
Ethics
3 hrs - Producers and Adjusters must complete 3 hrs of Ethics as part of the total requirement
For Life & Health Producers:
Long-Term Care
8/4 hrs - Effective 2/27/18 - Producers must complete an initial 8-hour Long-Term Care (LTC) Certification Training prior to selling, soliciting, or negotiating Long-Term Care products/policies. After completing the initial requirement, producers must complete a 4-hour ongoing LTC training, due every renewal thereafter. Producers transacting LTC products prior to Feb. 2018 must complete the 8-hour initial training by 2/27/19.
For Property & Casualty Producers:
Flood
3 hrs - Effective 2/27/18 - Property/Casualty and Personal lines producers must complete a one-time 3-hour course on NFIP Flood Insurance Certification Training prior to selling flood insurance policies. Producers transacting flood products prior to Feb. 2018 must complete the 3-hour training by 2/27/19.
There are also additional rules about how the course hours can be applied.
Carryover hours are not allowed.
Courses may not be taken more than once in a three-year period. Completion dates must be at least 36 months apart.
If you meet any of criteria below, you may be exempt from the continuing education requirements.
Once you have determined the renewal requirements for your license, you can register for courses. Each course has an associated credit type; when registering for courses, select courses with credit types that will help to fulfill the renewal requirements for your license.
PreLicenseTraining.com offers webinar, online, and self study courses for New Mexico. You can register for courses at CE Courses.
You must fulfill the course requirements for each of the courses to have them reported.
Online and self study exams do not require a monitor.
Once a course has been completed, the completion must be reported to the state. PreLicenseTraining.com will report the course completions to State Based Systems (SBS).
Once you have satisfied the renewal requirements for your license, you can file a renewal application at https://www.nipr.com/.
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