Insurance licenses must be renewed periodically to ensure that insurance professionals maintain the necessary knowledge and skills to provide clients with appropriate advice and products. A key component of this process is meeting continuing education (CE) requirements, which are typically mandated every two years. CE ensures that insurance professionals stay current with industry trends and changes, thereby enhancing their professional knowledge and quality of service.

Each state has specific guidelines for earning CE credits, with the required number of hours varying depending on the license type and the state. Failure to complete the required CE hours by the deadline may result in fines and the inability to renew the license.

Additionally, each state has different requirements for licensing renewal costs. These may include fees based on the line of business, standard versus late renewal, appointment fees, and other miscellaneous approved fees.

New Mexico agents may renew their license online by clicking HERE (https://www.statebasedsystems.com/solar/index.html)

Renewing your Individual License

To renew your license, you’ll need to complete your renewal application and pay renewal fees online. Renewal applications are available no sooner than 90 days prior to your license-expiry date.

If a license is not renewed by the expiry date, the fee is 150% of the fee otherwise required. It is the responsibility of the licensee to know their license-expiry date. Reminders from our office are merely a courtesy.

Late renewals are subject to late fees.

To renew, log into NIPR and select “Renew License” and complete your online renewal application.

Continuing education (CE) hours

Resident, full-lines licensees must complete the 24 credit hours of Continuing education (three of which are ethics credits & 3 must classroom or classroom equivalent) in order to renew their license. See requirements for Title & Bail.

Only the hours in the “Credit Hours” column count toward your CE total. CE hours listed in the “Ethics Hours” column are included in the hours you see in the “Credit Hours” column.

CE credit is applied only to courses taken during your current renewal period. Your renewal period begins the day after your last expiry date and lasts until your next expiry date. If you took a course outside of that time period, you will not receive CE credit, even though it may be less than 24 months from your date of completion.

If you’re a resident, you can find out which of your CE courses have been reported by logging into SBS. Please see Find your transcripts.

Once you’ve completed your CE credit hours (if you’re a resident), you must still submit your renewal application and make payment in order to renew your license through NIPR.

Using National Insurance Producer Registry (NIPR)

Online renewals through NIPR are available only for non-resident licensees starting 90 days prior to their expiry date. Late renewals are also done through the NIPR online system. Note for Resident licensee`s: You will need to provide proof of residency with every renewal. See the link in resources for more information.

We submit updates to NIPR once every 24 hours. After NIPR receives updated information, it can take anywhere from 48 hours to 10 days for it to be displayed on NIPR. If more than 10 days have passed and your information is not displaying, email us at Agents.Licensing@state.nm.us.

1 to 30 days after expiration (late renewal)

Late renewal fees for each license type. See Article 59A 11-10 B & C

31 Days to 365 Days After Expiration or Cancellation (Reinstatement)

Reinstatement fees for each license type. See Article 59A 11-10 B & C

Note: Please contact the New Mexico Office of the Superintendent of Insurance for all requirements, as rules and regulations may change. https://idoi.illinois.gov/

https://www.osi.state.nm.us/pages/bureaus/producers/license-information/individual-renewal-and-late-fees