The New Mexico Office of the Superintendent of Insurance (OSI) published a news release providing information to insurers on the 2027 annual appointment renewal process for New Mexico agents.
Insurers will be given an appointment invoice that will be available on the NIPR website from January 4, 2027, to April 30, 2027. The invoice will include a list of all resident and nonresident agents, and payments may be submitted starting on January 4, 2027. If an insurer doesn't pay the invoice by the deadline, all appointments will be terminated.
Any appointment made after December 29, 2026, will not be included on this invoice, but will be subject to the 2028 renewal date. Agents terminated by December 28, 2026, will not be included on the renewal list.
The NIPR renewal processing fee is 1% of the total fee charged, with a minimum fee of $5 and a maximum fee of $1,000. NIPR processing fees are nonrefundable.
The bulletin can be found here.
Ray Sugrim
Ray Sugrim is an Insurance Editor with FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Ray is responsible for helping develop and edit content for subscribers. Ray is a St John’s University graduate with a degree in Risk Management & Insurance and is a CPCU candidate.