Manufactured Housing Broker License License in New Mexico

New Mexico licenses insurance professionals as Insurance Producers through the New Mexico Office of Superintendent of Insurance (OSI). New Mexico's insurance market is moderately sized and influenced by the state's diverse geography spanning desert, mountain, and high-plains environments. The state's exposure to wildfires has increased significantly in recent years, particularly in forested areas near Albuquerque, Santa Fe, and Las Cruces. New Mexico also faces unique insurance challenges related to its large rural and Native American populations, with some tribal areas having limited access to standard insurance markets. Pre-licensing education requires approximately 40 hours per major line of authority. The state requires criminal background checks. New Mexico's energy industry, centered on oil and gas production in the Permian Basin, creates demand for commercial and energy-sector insurance products. Continuing education is 24 hours biennially, including 3 hours of ethics. New Mexico participates in NIPR for non-resident licensing. Albuquerque is the primary insurance market center with the majority of carrier and agency operations.