New Mexico Life and Health Insurance Exam

Life & Health Exam Need of a License: An individual who is acting as an agent needs a license to sell life and health insurance in New Mexico.

Who Grants a License: Licenses are granted by the New Mexico Office of Superintendent of Insurance.

Qualifications to receive a License: Individuals who wish to obtain an insurance license in the State of New Mexico:
1. Be at least eighteen (18) years of age.
2. Be a resident of New Mexico.
3. Complete fingerprinting requirement.
4. Apply for a license.
5. Pass the examination.
Completing the Fingerprinting Requirement: All resident applicants for a license must be fingerprinted as part of the application. Applicant must attach a copy of the Proof of Fingerprint Submission Receipt to their application. All applicant fingerprint background checks will be processed electronically. Registration is available at here. Fingerprinting must be done at one of the authorized fingerprint locations. Fingerprint site location information is available at The ORI Number for Office of Superintendent of Insurance (OSI) is NM920210Z.
Applying for the Agent Exam:  Examinations are administered by the independent testing service, PSI Services, LLC. Registration and examination information can be found in the New Mexico Candidate Information Bulletin, which should be reviewed thoroughly prior to registering for the exam.  Before paying for and scheduling an examination, you must complete and submit the license application (form 210), along with any other documentation, as well as the Examination Registration Form (found at the end of the Candidate Information Bulletin), and all fees to the New Mexico PSI Processing Center:

New Mexico PSI Processing Center
PO Box 28909
Santa Fe, NM 87592
New Mexico applications and forms can be found online at Upon approval, you will be sent an email notification of eligibility, along with instructions for scheduling the examination. You are responsible for contacting PSI to schedule the examination. You may either schedule via the Internet at, or schedule over the telephone at (800) 733-9267.

Test Information: Be sure to review the appropriate exam content outline to determine what topics are covered in the comprehensive exams. At the end of your exam, your score will be shown on the screen and you will receive a printed score report. To obtain a content outline for your specific examination, visit, select Government/State Licensing Agencies/New Mexico/Insurance. The following is a general outline of exam content:
New Mexico Agent's Examination for Life, Accident and Health Insurance
Series 18-27 (150 questions, Passing Score: 70%, 150 minutes allowed)
1.0 Insurance Regulation 5%
1.1 Licensing
1.2 State regulation
1.3 Federal regulation
2.0 General Insurance 5%
2.1 Concepts
2.2 Insurers
2.3 Agents and general rules of agency
2.4 Contracts
3.0 Life Insurance Basics 10%
3.1 Insurable interest
3.2 Personal uses of life insurance
3.3 Determining amount of personal life insurance
3.4 Business uses of life insurance
3.5 Classes of life insurance policies
3.6 Premiums
3.7 Agent responsibilities
3.8 Individual underwriting by the insurer
4.0 Life Insurance Policies 11%
4.1 Term life insurance
4.2 Whole life insurance
4.3 Flexible premium policies
4.4 Specialized policies
4.5 Group life insurance
4.6 Credit life insurance
5.0 Life Insurance Policy Provisions, Options and Riders 12%
5.1 Individual standard provisions
5.2 beneficiaries
5.3 Settlement options
5.4 Nonforfeiture options
5.5 Policy loan and withdrawal options
5.6 Dividend options
5.7 Disability riders
5.8 Accelerated (living) benefit provision/rider
5.9 Riders covering additional insureds
5.10 Riders affecting the death benefit amount
6.0 Annuities 8%
6.1 Annuity principles and concepts
6.2 Immediate versus deferred annuities
6.3 Annuity (benefit) payment options
6.4 Annuity products
6.5 Uses of annuities
7.0 Federal Tax Considerations for Life Insurance and Annuities 3%
7.1 Taxation of personal life insurance
7.2 Modified endowment contracts (MECs)
7.3 Taxation of non-qualified annuities
7.4 Taxation of individual retirement annuities (IRAs)
7.5 Rollovers and transfers (IRAs and qualified plans)
7.6 Section 1035 exchanges
8.0 Qualified Plans 1%
8.1 General requirements
8.2 Federal tax considerations
8.3 Plan types, characteristics and purchasers 
9.0 Health Insurance Basics 7%
9.1 Definitions of perils
9.2 Principal types of losses and benefits
9.3 Classes of health insurance policies
9.4 Limited policies
9.5 Common exclusions from coverage
9.6 Agent responsibilities in individual health insurance
9.7 Individual underwriting by the insurer
9.8 Considerations in replacing health insurance
10.0 Individual Health Insurance Policy General Provisions 7%
10.1 Required provisions
10.2 Optional provisions
10.3 Other general provisions
11.0 Disability Income and Related Insurance 5%
11.1 Qualifying for disability benefits
11.2 Individual disability income insurance
11.3 Unique aspects of individual disability underwriting
11.4 Group disability income insurance
11.5 Business disability insurance
11.6 Social Security disability
11.7 Workers compensation
12.0 Medical Plans 9%
12.1 Medical plan concepts
12.2 Types of providers and plans
12.3 Cost containment in health care delivery
12.4 New Mexico requirements (individual and group)
12.5 HIPAA (Health Insurance Portability and Accountability Act) requirements
12.6 Medical savings accounts (MSAs), Flexible savings accounts (FSAs), Health savings accounts (HSAs), Health reimbursement accounts (HRAs)
13.0 Group Health Insurance 6%
13.1 Characteristics of group insurance
13.2 Types of eligible groups
13.3 Marketing considerations
13.4 Employer group health insurance
13.5 Small employer group medical plans
14.0 Dental Insurance 2%
14.1 Types of dental treatment
14.2 Indemnity plans
14.3 Employer group dental expense
15.0 Insurance for Senior Citizens and Special Needs Individuals 6%
15.1 Medicare
15.2 Medicare supplements
15.3 Other options for individuals with Medicare
15.4 Long-term care (LTC) insurance
15.5 New Mexico Medical Insurance Pool and Health Insurance Alliance
16.0 Federal Tax Considerations for Sickness and Accident Insurance 3%
16.1 Personally-owned health insurance
16.2 Employer group health insurance
16.3 Medical expense coverage for sole proprietors and partners
16.4 Business disability insurance
16.5 Medical savings accounts (MSAs), Flexible spending accounts (FSAs), Health savings accounts (HSAs), Health reimbursement accounts (HRAs)
How to Obtain the License: After your examination, the passing grade will be electronically submitted to the Office of Superintendent of Insurance (OSI). Licenses are issued within ten working days from the date you pass the examination.

License Renewal Requirements: Individual Agent licenses must be renewed every year and there is a continuing education requirement.

Applicable Regulations: Life and health insurance agents in New Mexico are regulated by the New Mexico Office of Superintendent of Insurance.

For more information on life and health insurance agent licensing and exam preparation, go to’s Life and Health Insurance Exam Guide.

And take’s free Life and Health Insurance Agent Practice Test.

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