Before soliciting personal lines insurance in New Mexico, an individual must first obtain what from the Office of Superintendent of Insurance (OSI)?
A. A surety bond filed with the county clerk
B. A producer license issued under the licensing process set out in the Insurance Code
C. Written approval from each insurer the person intends to represent
D. A federal insurance broker registration
Source: NMSA 1978 § 59A-12-12; § 59A-11-2, -3
Under NMSA 59A-11-6(E), how many unsuccessful attempts is a candidate allowed on a New Mexico licensing examination for a line of authority before being placed into a waiting period?
A. Two attempts
B. Three attempts
C. Four attempts
D. Unlimited attempts
Source: NMSA 1978 § 59A-11-6(E)
What examination fee does PSI charge a candidate to sit for a New Mexico insurance licensing examination, per the current PSI Candidate Information Bulletin?
A. $45
B. $60
C. $75
D. $100
Source: PSI New Mexico Personal Lines Insurance Candidate Bulletin, Series 18-38 (effective thru 6/30/2026); Examination Scheduling Procedures
What score must a candidate achieve to pass the New Mexico Personal Lines Insurance Producer examination (Series 18-38)?
A. 60% correct
B. 65% correct
C. 70% correct
D. 75% correct
Source: PSI New Mexico Personal Lines Insurance Candidate Bulletin, Series 18-38 (effective thru 6/30/2026); Score Reporting
A producer who is licensed and resident in another state and wants to solicit personal lines insurance in New Mexico without becoming a resident must apply for what type of New Mexico license, governed by NMSA 59A-12-25?
A. A temporary license
B. A nonresident license
C. A limited-lines license only
D. A reciprocal exemption requiring no New Mexico license
Source: NMSA 1978 § 59A-12-25
