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Renewals & Late Fees

Renewal Fees (for individual licenses)

Renewal Period: 90 days prior to expiration date – Expiration date of license

Late Renewal Grace Period (additional fee): Day 1-30 after expiration

Late Renewal Period (additional fee): Day 31- one year after expiration.

License                     Renewal Fee     Late Renewal Fee - Grace Period          Late Renewal Fee
Producer                       $60                    $150 ($60 + $90 late fee)                    $180 ($60 + $120 late fee)
Adjuster                        $60                    $150 ($60 + $90 late fee)                    $180 ($60 + $120 late fee)
Consultant                   $100                  $250 ($100 + $150 late fee)                 $300 ($100 + $200 late fee)
Surplus Lines Broker   $200                  $500 ($200 + $300 late fee)              $600 ($200 + $400 late fee)

Fees shown are state fees only. There is an additional $5 that NIPR will charge.

If you are over a year late submitting your continuing education hours, you will have to re-test.

Please visit: New Mexico / Resident Renewal / Individual | NIPR for more fee information.

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