July 1, 2017 Update to License Requirements! A transition period exists for licenses issued or renewed prior to July 1, 2017. Agents are required to complete 15 hours of insurance CE, including 1 hour of ethics by April 30, 2018.
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Producers – Life & Health, Property & Casualty
24 CE hours* including 3 hour of ethics, are required every biennium (see license term below). New Mexico has course category restrictions. See CE Subject Requirements below.
*See Special Training/Education Requirements below.
Special Training/Education Requirements
All New Mexico property and casualty producers who sell flood insurance must complete a one-time 3-hour course approved for National Flood Insurance Program (NFIP) training.
Nonresident licensees that do not complete CE in their home state must complete New Mexico’s CE requirements.
The license term is every 2 years ending on last day of the producer's birth month.
A course may not be taken for credit more than once within 3 years from the original completion date.
No excess CE credit hours may be carried over to the next license term.
Producers are exempt from continuing education if one of the following is true:
- The producer holds a limited license.
- The producer has been an agent, solicitor, nonresident agent, or nonresident broker for 25 years or more.
- The producer maintains a license solely for the purposes of receiving renewal fee residuals and does not otherwise transact the business of insurance.
- The producer is an agent of a fraternal benefit society.
- The nonresident producer has met the CE requirements of his or her home state.
Exam proctor requirements
Self-study final exams do not require a monitor.
Self-study final exams are open book. Licensees may refer to the course material as often as needed. The final exam must be passed with a score of 70 percent or higher to receive credit. If the final exam is not passed on the first attempt, students have an unlimited number of retakes.
A roster fee of $2.00 per credit ordered is required to process course completion hours in Arkansas and will be added to the order total upon checkout.
Net Study provides information as a courtesy to individuals who are subject to continuing education (CE) as insurance producers, agents, adjusters and/or brokers. Although reasonable efforts have been made to ensure that the information provided here is accurate and current, neither Net Study nor its employees warrant or represent that this information is accurate and current. All information is subject to change without notice.
Phone: (505) 827-4601
Fax: (505) 827-4734
Web site: http://www.osi.state.nm.us/
Santa Fe, NM 87504-1689