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New Mexico · State licensing

Pass the New Mexico Life & Health insurance license exam.

New Mexico requires no pre-licensing education and administers its combined Life, Accident and Health exam through PSI with 150 questions, a 2.5 hour limit, and a 70 percent passing score.

Quick answer: The New Mexico Life & Health insurance license exam is administered by PSI as a 150-question combined exam with a 150-minute limit, and you need 70% to pass. New Mexico does not require pre-licensing education before you sit. The exam fee is $75 per attempt.

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Quick facts

Testing vendor
PSI
Passing score
70%
Pre-licensing hours
Not required
Application fee
$30
Exam fee
$75 per attempt
Combined exam length
150 Q · 150 min

Source: www.osi.state.nm.us. Confirm before you register. State schedules change.

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What's on the New Mexico L&H exam.

The New Mexico L&H exam is administered by PSI. The combined exam runs 150 questions with a 150-minute time limit. Passing requires 70%.

Content roughly follows the NAIC L&H outline: general concepts, life products, annuities, federal tax treatment, health products, social insurance, ethics, and a state-specific law section. The state law portion is where most candidates lose points, it's the section a generic national bank cannot cover well.

What it costs to get licensed in New Mexico.

Plan for roughly $145–$180 in mandatory New Mexico state and vendor fees before any study materials.

License application
$30
Exam fee
$75 per attempt
Fingerprinting / background check
~$40–$75
Pre-licensing education
Not required

A retake means paying the $75 exam fee again, so a first-time pass is the cheapest path. See the full cost breakdown by state and how hard the exam is.

New Mexico exam FAQ.

What does it cost to get licensed in New Mexico?
The PSI exam fee is 75 dollars per attempt and the state resident producer license application fee is 30 dollars.
Is pre-licensing education required in New Mexico?
No, New Mexico does not require any pre-licensing education hours, so you can schedule the PSI exam without completing coursework first.
How long is the New Mexico combined Life and Health exam?
The combined Life, Accident and Health exam has 150 questions and a 150 minute limit, with 70 percent needed to pass.

Licensing in other states too?

Each state has its own vendor, hours, and fee schedule.