How to Get a New Mexico State Insurance License
This should be some helpful information to walk you through the state-specific items for New Mexico.
|New Mexico Department of Insurance||Testing Provider (PSI)|
|(505) 827-4601||(800) 733-9267|
NEW MEXICO has very strict guidelines. The license will be MAILED, not electronic! YOU MUST PUT YOUR ADDRESS in as the business address. The license will come directly to you, NOT Symmetry corporate offices. Contact Jennifer Colburn for any questions.
1. Apply for a License
Apply for your license by completing an application at www.nipr.com.
Once the application is approved, you will be sent an email notification of eligibility and instructions for scheduling the exam. The application is valid for 6 months. If you fail to pass your state exam within this time frame, you will have to submit a new application and registration form, and you will have to pay the appropriate fees again.
2. Schedule and Pass the Licensing Exam
Making Exam Reservations
You can make a reservation through the following methods:
- Online: www.psiexams.com
- Phone: (800) 733-9267
What to Bring
Two forms of current signature identification:
- A primary ID (photograph and signature, not expired) such as a Driver’s License or Passport
- A secondary ID (signature, not expired) such as a Debit or Credit card
You will be required to supply a copy of your Certificate of Completion in order to be admitted to the exam.
- Report to the test center 30 minutes before the exam to sign in and verify identification.
- No talking or any other form of communication among candidates is permitted in the exam area.
- Children, cell phones, calculators, pagers, cameras, programmable electronic devices and recording devices of any kind are NOT allowed.
- No smoking, eating, or drinking will be allowed at the exam site.
- Dictionaries, books, papers, or study and reference materials are NOT permitted.
- You may not exit the building during the exam.
- Copying or communicating exam content is a violation of PSI security policy and Section 1681.5 of the CIC. Either may result in the disqualification of exam results and lead to legal action and prosecution.
PSI exam sites have additional procedures:
- You will have your picture taken prior to admittance into the exam.
- You may not wear a jacket, coat or any type of hooded clothing into the exam room. Sweaters that do not have pockets are allowed.
- You may not bring a purse or backpack into the exam room.
- You will be asked to put these items in your vehicle. PSI only provides accordion type folders for any items. These folders are left in the lobby and PSI is not responsible for the security of those items.
- You may not wear a wristwatch into the exam room and you will be asked to empty your pockets.
- Each major line exam is given in a multiple-choice format.
- The exam consists of two parts:
- The general section deals with basic insurance product knowledge
- The state section deals with insurance laws, rules, and regulations, and practices that are unique to New Mexico
- Each exam contains “pretest” questions that are mixed in with the scored questions and are not identified. Pretest questions may not be covered in your educational materials and do not affect your final score!
- The passing score required on each exam is 70%.
- When you complete the exam, you will receive a score report marked “pass or fail”.
- If you do not pass, you will immediately receive an unsuccessful exam results letter along with a diagnostic report indicating your strengths and weaknesses by exam portion.
- If you pass, you will immediately receive a successful notification and performance summary on an exam results letter.
|New Mexico Exam Information|
|Exam Code||Exam Name/License Type/Class||Exam Time||Total Questions|
|18-25||Life Insurance||2 hrs||100|
|18-27||Life, Accident and Health Insurance||2 hrs 30 min||150|
3. Receive Your License
Your passing exam result will be electronically submitted to the Office of the Superintendent of Insurance, and your license should be issued within ten working days from the date you pass the examination. Agents must become appointed within 60 days from the date the license is issued.