New Mexico Insurance Prelicensing Requirements

NEW MEXICO INSURANCE PRELICENSING INFORMATION

New Mexico does not require licensing candidates to complete prelicensing education; however, ExamFX highly recommends that you complete an educational course before attempting to take your state’s licensing exam.

WHAT’S IN MY COURSE?

Navigate to ExamFX’s home page and select the line of authority you’re interested in to learn more about our comprehensive insurance training packages.

DON'T FORGET YOUR GUARANTEE EXAM!

ExamFX is so confident in the quality of its material that we offer our customers a first-time pass guarantee. If you don’t pass the first time around, we will refund your money. To qualify for this offer, you must pass our Guarantee Exam with a score of 80% to determine maximum exam readiness. While completing this portion of your online course is not required, we highly recommend taking this extra step.

HOW DO I GET MY LICENSE?

Step 1 (optional): Complete an optional prelicensing course that helps prepare you to take and pass your licensing exam.

Step 2: Schedule your exam with your state’s testing provider, Prometric. The fastest way to schedule your exam is to do so by accessing Prometric’s registration Web site at www.prometric.com/New-Mexico/insurance. Internet registration is available 24 hours a day. You can also schedule your exam over the phone at (800) 853-5448. The fee is $75.

To change or cancel your testing appointment, you must contact Prometric at least 48 hours in advance or forfeit the examination fee. You may reschedule online at https://www.prometric.com/new-mexico/insurance or call Prometric at (800) 853-5448.

Step 3: Take and pass your state licensing exam. On the day of your appointment, arrive at the test center 30 minutes before your scheduled appointment time to complete the necessary sign-in procedures. You must bring with you a valid (non-expired) form of identification (driver’s license, passport, military I.D., etc.) You will not be able to take your exam if this requirement is not met.

At the end of the exam, you will see a completion notice on screen. A copy of your score report will be emailed to the email address you provided to Prometric at the time of scheduling.

Step 4: After you have passed your insurance examination, apply for your license online via www.nipr.com. Detailed licensing information can be found through the https://www.osi.state.nm.us/

Step 5: Maintain your license by being aware of your continuing education requirements. Most insurance licenses must be maintained by completing a certain number of credit hours of continuing education each licensing period. ExamFX offers continuing education courses that will help you comply with your state’s requirements. Click here to view your state’s education rules and stay on top of your license.

WHAT WILL MY EXAM BE LIKE?

Your exam experience is dependent on the line of authority you are testing for. Carefully review the below examination breakdowns to learn important factors like:

  1. the number of questions on your exam
  2. the time limit
  3. the subjects that you will be tested on
  4. the score that you must achieve to pass the exam

New Mexico Life Insurance Examination
100 Questions
Time Limit: 2 Hours
Passing score: 70%

CHAPTER PERCENTAGE OF EXAM
General Knowledge
General Insurance 10%
Life Insurance Basics 21%
Life Insurance Policies 19%
Life Policy Provisions, Riders and Options 21 %
Annuities 14%
Federal Tax Considerations for Life Insurance and Annuities 4%
Insurance Regulation 10%
Qualified Plans 1%

New Mexico Accident and Health Insurance Examination
100 Total Questions
Time Limit: 2 hours
Passing score: 70%

CHAPTER PERCENTAGE OF EXAM
General Knowledge
General Insurance Concepts 10%
Health Insurance Basics 13%
Individual Health Insurance Policies General Provisions 12%
Disability Income and Related Insurance 9%
Medical Plans 15%
Group Health Insurance 13%
Dental Insurance 3%
Insurance for Senior Citizens and Special Needs Individuals 12%
Federal Tax Considerations for Health Insurance 3%
Insurance Regulation 10%

New Mexico Life, Accident and Health Insurance Examination
150 Total Questions
Time Limit: 2.5 Hours
Passing Score: 70%

CHAPTER PERCENTAGE OF EXAM
General Knowledge
General Insurance Concepts 5%
Life Insurance Basics 10%
Life Insurance Policies 11%
Annuities 8%
Life Insurance Policy Provisions, Options and Riders 12%
Qualified Plans 1%
Federal Tax Considerations for Life Insurance and Annuities 3%
Health Insurance Basics 7%
Individual Health Insurance Policy General Provisions 7%
Disability Income and Related Insurance 5%
Medical Plans 9%
Group Health Insurance 6%
Dental Insurance 2%
Insurance for Senior Citizens and Special Needs Individuals 6%
Federal Tax Considerations for Health Insurance 3%
Insurance Regulation 5%

New Mexico Property Insurance Examination
100 Total Questions
Time Limit: 2 hours
Passing score: 70%

CHAPTER PERCENTAGE OF EXAM
General Knowledge
General Insurance 13%
Property Insurance Basics 18%
Dwelling Policy 7%
Homeowners Policy 22%
Commercial Package Policy (CPP) 18%
Businessowners Policy 10%
Other Coverages and Options 6%
Insurance Regulation 6%

New Mexico Casualty Insurance Examination
100 Total Questions
Time Limit: 2 hours
Passing score: 70%

CHAPTER PERCENTAGE OF EXAM
General Knowledge
General Insurance 8%
Casualty Insurance Basics 15%
Auto Insurance 18%
Homeowners Policy 16%
Commercial Package Policy (CPP) 15%
Businessowners Policy 10%
Workers Compensation Insurance 6%
Other Coverages and Options 6%
Insurance Regulation 6%

New Mexico Property and Casualty Insurance Examination
100 Total Questions
Time Limit: 2 hours
Passing score: 70%

CHAPTER PERCENTAGE OF EXAM
General Knowledge
General Insurance 7%
Property and Casualty Insurance Basics 13%
Dwelling Policy 5%
Homeowners Policy 17%
Auto Insurance 17%
Commercial Package Policy (CPP) 16%
Businessowners Policy 9%
Workers Compensation Insurance 6%
Other Coverages and Options 7%
Insurance Regulation 3%

I FAILED MY EXAM. NOW WHAT?

We are sorry to hear that you have failed your first attempt at passing your state’s licensing exam. These licensing exams are difficult and some candidates must try again to reach their goal. We want to help you get there, so we recommend that you:

Step 1: Be aware of retake limitations and rules. In New Mexico, you must wait twenty-four (24) hours before rescheduling your exam with Prometric. Any exam previously taken with PSI that resulted in a fail outcome has been communicated to Prometric and will count toward OSI’s retake rule. If an exam is failed 4 times the candidate must wait a minimum of 6-months prior to taking that exam again.

Step 2: Reschedule your exam. You must re-register by following the initial registrations and scheduling steps.

Step 3: ExamFX’s subject matter experts are available by email at [email protected] to help you pass your licensing exam on your next attempt. Many testing providers will supply you with a score report or performance summary after your testing appointment. Use this report to let the ExamFX subject matter experts know what areas of the exam that you are struggling the most with.

Step 4: Study your materials. ExamFX materials are created by analyzing the exact testing outline supplied by your testing provider or Department of Insurance. This means that all the information that you need to pass your exam is within your course. Be confident that with more studying, you can pass your licensing exam and achieve your goals!

MORE QUESTIONS?


Direct questions about licensure to:
State of New Mexico
Department of Insurance
Website www.insurance.New Mexico.gov
Email: [email protected] Mexico.go


Direct all questions and requests for information about exams to:
Prometric
Website: https://www.prometric.com/new-mexico/insurance
Phone: 800-813-6737
TDD User: 800.790.3926

The information displayed above is for informational purposes only. ExamFX is not responsible for the accuracy of the information on this page. All steps have been taken to make sure that the information relayed on this page is accurate; however, information is subject to change without notice. It is the responsibility of the producer to be compliant per their states requirements.