New Mexico Insurance License
The New Mexico insurance license exam, in plain numbers.
Everything below is specific to New Mexico — the pass mark, the question counts, who runs the exam, and what the state requires before and after you sit it.
What you need to pass in New Mexico
| Edition | Scored questions | Correct to pass | Pass mark | Misses allowed |
|---|---|---|---|---|
| Life & Health | 150 | 105 | 70% | 45 |
| Life only | 100 | 70 | 70% | 30 |
Administered by PSI Services for the New Mexico Office of Superintendent of Insurance. Time limit: 150 minutes. Roughly 25 of the scored questions (17%) come from New Mexico law — the block national courses cover most lightly.
Prelicensing
NOT required. OSI does not require prelicensing education for the life, health, or combined life and health license types.
Continuing education
24 hours per renewal cycle including 3 hours of ethics, under NMSA 59A-12-26, with NMSA 59A-13-12 and NMAC 13.4.7 also governing. CE applications are submitted electronically to PSI via the SBS system.
License term
2 years
Regulator
The New Mexico Office of Superintendent of Insurance oversees licensing, headed by a Superintendent of Insurance leading the Office of Superintendent of Insurance.
New Mexico Life and Health Insurance Guaranty Association
If an insurer fails, these are the limits that apply to New Mexico policyholders. Verified against the NOLHGA state-by-state table dated 1 June 2025.
| What is protected | Limit |
|---|---|
| Life insurance death benefit | $300,000 |
| Life insurance cash surrender value | $100,000 |
| Hospital, medical, surgical, or major medical | $500,000 |
| Disability income and long-term care | $300,000 |
| Other health insurance benefits | $100,000 |
| Annuity benefits (present value) | $250,000 |
The Study Guide
Written for New Mexico, not for everyone.
Every rule explained in ordinary English before the terminology arrives. If two things are easy to confuse, we tell them apart in a sentence. No insurance background assumed.
You get two PDFs: a study guide that teaches the material, and a practice exam whose answer key explains why each answer is right. Printable flashcards, a master sheet of every number worth memorizing, and a four-week study plan are included.
Twisting versus churning. Twisting involves lying to move a customer, usually to a different company. Churning happens inside the same company and is about generating commission. If the question mentions misrepresentation, it is twisting. If it mentions the same insurer, it is churning.
New Mexico insurance exam questions, answered
How many questions are on the New Mexico insurance license exam?
The combined life and health exam has 150 scored questions. You need 105 correct to pass at 70%, which means you can miss 45.
What is the passing score for the New Mexico insurance exam?
70%. That works out to 105 correct answers out of 150 scored questions.
Who administers the New Mexico insurance license exam?
PSI Services, on behalf of the New Mexico Office of Superintendent of Insurance.
Does New Mexico require prelicensing education?
NOT required. OSI does not require prelicensing education for the life, health, or combined life and health license types.
How much continuing education does New Mexico require?
24 hours per renewal cycle including 3 hours of ethics, under NMSA 59A-12-26, with NMSA 59A-13-12 and NMAC 13.4.7 also governing. CE applications are submitted electronically to PSI via the SBS system.
Is there a New Mexico life-only or health-only exam?
Yes. Life only is 100 scored questions, 70 to pass.
How much does a New Mexico study guide cost?
A single-line guide is $9.99 and the combined life and health guide is $19.99. Each includes a study guide and a practice exam with a full answer key.
These are independent study aids. They are not state-approved prelicensing education courses and do not satisfy any state prelicensing requirement. They are not affiliated with any exam vendor or state insurance regulator. All practice questions are original. We publish no pass-rate claim and make no guarantee of any exam result. Content verified as of August 2026 — confirm current requirements with the New Mexico Office of Superintendent of Insurance.