Become a New Mexico Insurance Adjuster

AdjusterPro's Bottom-line: While no exam is required, New Mexico makes some stipulations in regard to experience prior to obtaining their license. Further, New Mexico Independent Adjusters are required to be bonded.

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Adjuster License Requirements

To become a licensed New Mexico insurance adjuster, individuals must:

• Be 18 years of age or older;
• Have a minimum of one year of experience, education or training in the handling of losses or claims, such that they are capable of fulfilling the duties of an adjuster responsibly;
• Be bonded in the amount of $10,000.
• Pay the $30 licensing fee..

New Mexico License Application

• Complete the New Mexico Adjuster Application Forms 207-b & 207-a and submit them with a fee of $30.00.
• Complete the Bond form (appended to application forms).
• All application and bond forms must be notarized.

Reciprocity

If you hold a resident license in any other state, then you may obtain the New Mexico Adjuster license reciprocally. If your home state does not license adjusters, you will need to submit a letter from your insurance commissioner or a copy of your state's statutes.

Maintaining Your License

• There is no continuing education requirement for New Mexico adjusters. Non-residents do have to remain CE compliant in their home state, but there is no additional requirement for their New Mexico license.
• License renewals are due on April 1st each year.
• Be sure to keep your name and address information current with the Department of Insurance. Update your information here.

License Fees

• Initial Licensing and Application Fee: $30.
• License Renewal Fee: $30.
• Make checks payable to “New Mexico Public Regulation Commission Insurance Division”

Contact the New Mexico Department of Insurance

Agents Licensing Section, P.O. Box 1269, Santa Fe, New Mexico 87504

Phone: (505) 827-1246, Email: agents.licensing@state.nm.us