NEW MEXICO ADJUSTER LICENSING INFORMATION
- 1 License Types
- 2 Licensing Requirements
- 3 How to Apply
- 4 Maintaining Your License
- 5 Fees
- 6 Contact
- 7 Information
Independent Adjusters are licensed in New Mexico. License types: Individual, Firm or Corporation
No licensing rules are found for New Mexico
No exclusions are found
- Be 18 years of age or older;
- Be a bona fide resident of this state, or of a state or country that permits residents of this state to act as adjusters therein, except that under circumstances of necessity the superintendent may waive the requirement of reciprocity.
- Be able to demonstrate a good business reputation, and must intend to engage in a bona fide manner in the business of adjusting insurance claims.
- Have at least one year's experience or special education or training in handling claims under insurance contracts. Such experience, education, and training must be of such nature and extent as to demonstrate applicant's competence to fulfill the responsibilities of an adjuster.
- Be bonded in the amount of no less than $10,000.
- Pay the $30 licensing fee.
If the state in which you hold a resident license requires CE, then those CE hours are sufficient to satisfy New Mexico's requirements. If the state in which you hold a resident license has no CE requirements, then you must comply with New Mexico's requirement of 15 hours per year.
Requires Adjuster Bond.
Type of Adjuster: Public Adjusters
Bond Expiration information: April 30, Annually
Link to Forms: http://www.osi.state.nm.us/agent-licensing/docs/individual-applications/independent-adjuster-surety-bond.pdf
New Mexico Adjuster Application. Complete theIndependent Adjuster Affiliation Form. Complete the Bond Form. All application and bond forms must be notarized.
A renewal notice will be mailed to every licensee the first week of March. (Must have an active bond on file.) Renewal notice and renewal fee is due back April 30th. Renewals received after April 30th will be assessed with a 50% penalty. License will be cancelled on June 1st if not renewed.
New Mexico is not accepting electronic renewals for any adjuster class licenses, even though these license types may display as being available for renewal within the application. Please contact Agents/Producer Licensing Bureau (Tel: (505) 827-4601 or Email: firstname.lastname@example.org) of the Office of Superintendent of Insurance, State of New Mexico, for more details on the renewal of adjuster licenses. The deadline for the New Mexico Application for Annual Continuance of Independent Adjuster License is April 30, 2016. Renewals received after April 30th and before June 1st, will be subject to an additional fee. The fee thereafter is equal to One Hundred Fifty Percent assessment in accordance with Section 59A-11-10(B) NMSA. (Example, $30.00 renewal fee will be $45.00 per licensee, renewal fee plus 50% late Fee, if received after April 30th.) Independent adjuster licenses not continued shall be deemed to have been terminated as of midnight April 30th.
|Application & Licensing Fee||$30|
|License Renewal Fee||$30|
Agents Licensing Section, P.O. Box 1269, Santa Fe, New Mexico 87504 Phone: (505) 827-1246, Email: email@example.com