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Which New Mexico agency regulates insurance producers and insurers for life and health lines?

New Mexico Department of Finance and Administration

New Mexico Office of Superintendent of Insurance (OSI)

New Mexico Public Regulation Commission

New Mexico Department of Taxation and Revenue

to track

2026 Statistics

Key Facts: NM Life & Health Exam

Series 18-27

Exam Code

PSI NM content outline

150 items

Exam Length

PSI NM content outline

2h 30m

Time Limit

PSI NM content outline

70%

Passing Score

PSI NM content outline

$75

Exam Fee

PSI/OSI bulletin

4 attempts

Retake Rule

NMSA 59A-11-6(E)

The official New Mexico Series 18-27 outline uses 150 items with a 2.5-hour limit and a 70% passing score. PSI administers the exam for OSI at a $75 fee, and New Mexico applies a four-attempt limit with a six-month waiting period after the fourth failure. New Mexico also emphasizes producer compliance areas such as fiduciary premium handling, unfair trade practices, privacy, and continuing education requirements.

Sample NM Life & Health Practice Questions

Try these sample questions to test your NM Life & Health exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1Which New Mexico agency regulates insurance producers and insurers for life and health lines?

A.New Mexico Department of Finance and Administration

B.New Mexico Office of Superintendent of Insurance (OSI)

C.New Mexico Public Regulation Commission

D.New Mexico Department of Taxation and Revenue

Explanation: The Office of Superintendent of Insurance (OSI) is New Mexico's insurance regulator. It handles licensing, enforcement, market conduct oversight, and consumer protection under the New Mexico Insurance Code.

2As of 2026, which testing provider administers New Mexico insurance producer exams for life and health?

A.Pearson VUE

B.Prometric

C.PSI Services

D.Kryterion

Explanation: The New Mexico Candidate Information Bulletin lists PSI as the exam administrator. Candidates schedule the Series 18-27 exam through PSI's NMINS portal.

3What is the exam fee for the New Mexico Life, Accident and Health or Sickness Producer exam (Series 18-27)?

A.$49

B.$62

C.$75

D.$99

Explanation: PSI and the current New Mexico candidate bulletin list a $75 examination fee. The fee is paid to PSI and is separate from license application costs paid through NIPR.

4How many items and how much time are allotted for New Mexico Series 18-27?

A.120 items in 2 hours

B.150 items in 2.5 hours

C.150 items in 3 hours

D.180 items in 3 hours

Explanation: The official Series 18-27 content outline states 150 items with a 2.5-hour limit. Time management is important because the exam blends national concepts with New Mexico law.

5What score is required to pass New Mexico Series 18-27?

A.65%

B.70%

C.72%

D.75%

Explanation: The New Mexico bulletin and content outline both state a 70% passing standard. Any score below that threshold results in a failed attempt for the line of authority.

6Which statement about New Mexico prelicensing education for life and health is correct?

A.New Mexico requires 40 hours before testing

B.New Mexico requires 20 hours before testing

C.Prelicensing is optional, not mandatory

D.Prelicensing is required only for nonresidents

Explanation: The New Mexico candidate bulletin states OSI does not require a mandatory prelicensing course. Candidates may self-study, though formal prep is still strongly recommended.

7Under NMSA 59A-11-6(E), what happens after a candidate fails a line-of-authority exam four times?

A.The candidate may test again immediately

B.The candidate must wait 30 days

C.The candidate must wait 6 months

D.The candidate is permanently disqualified

Explanation: New Mexico allows up to four attempts for a line of authority. After the fourth unsuccessful attempt, the candidate enters a six-month waiting period before retesting.

8How long is a New Mexico PSI exam payment valid according to the Candidate Information Bulletin?

A.30 days

B.90 days

C.6 months

D.1 year

Explanation: The bulletin states examination payments are valid for one year from the date of payment. If the candidate does not test within that period, a new fee is required.

9To avoid forfeiting an exam fee in New Mexico, an appointment cancellation generally must be made at least:

A.24 hours before the exam

B.2 days before the exam date

C.5 days before the exam date

D.7 days before the exam date

Explanation: PSI's New Mexico bulletin uses a two-day cancellation standard. Missing that window normally means the candidate forfeits the exam fee and must pay again to reschedule.

10For a newly licensed New Mexico producer, the initial license term is generally:

A.Exactly 12 months

B.Exactly 24 months

C.Between 13 and 24 months to birth month

D.A fixed 36-month term

Explanation: OSI guidance states the first term runs to the licensee's birth month and is typically between 13 and 24 months. Later renewals are full two-year cycles.

About the NM Life & Health Exam

New Mexico Series 18-27 tests national life and health insurance concepts plus New Mexico statutes, producer licensing rules, unfair trade practices, and OSI regulatory authority.

Questions

150 scored questions

Time Limit

2 hours 30 minutes

Passing Score

70%

Exam Fee

$75 (New Mexico Office of Superintendent of Insurance (OSI) / PSI)

NM Life & Health Exam Content Outline

25%

NM Licensing and Regulation

OSI authority, producer licensing workflow, exam administration rules, renewal cycle, CE requirements, and enforcement

25%

Life Insurance and Annuities

Life policy concepts, provisions, replacement, annuity suitability, tax basics, and New Mexico unfair-practice standards

25%

Health, Disability, and Medical Plans

A&H policy provisions, disability definitions, medical plans, group health, HIPAA/ACA topics, and LTC eligibility concepts

25%

Ethics, Conduct, and Consumer Protection

Fiduciary duties, advertising and rebating limits, claims practices, privacy law, and guaranty association rules

How to Pass the NM Life & Health Exam

What You Need to Know

Passing score: 70%
Exam length: 150 questions
Time limit: 2 hours 30 minutes
Exam fee: $75

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

NM Life & Health Study Tips from Top Performers

1Memorize core exam logistics first: 150 questions, 2.5 hours, 70% passing score, and $75 fee

2Prioritize the 16% life-and-health basics domain and the 10% regulation domain from the official outline

3Drill New Mexico statutes tied to producer conduct, especially unfair trade practices and fiduciary obligations

4Practice health policy provision questions that distinguish required vs optional clauses and disability triggers

5Complete timed mixed sets to build speed without sacrificing citation-level accuracy on NM law items

Frequently Asked Questions

What are the format details for New Mexico Series 18-27?

The official PSI content outline for New Mexico Series 18-27 lists 150 items, 2 hours and 30 minutes of testing time, and a 70% passing score. The listed exam fee is $75.

Does New Mexico require prelicensing education before the life and health exam?

The current New Mexico candidate bulletin states that OSI does not require a mandatory prelicensing course for this line. Candidates may self-study, though structured prep is strongly recommended.

What is New Mexico's retake limit rule?

Under NMSA 59A-11-6(E), candidates may attempt the exam up to four times for a line of authority. After the fourth unsuccessful attempt, a six-month waiting period applies before retesting.

What CE requirements apply after licensure in New Mexico?

OSI guidance states most resident producers complete 24 CE credits per compliance period, including 3 ethics credits (21 general + 3 ethics). Product-specific training such as annuity suitability and long-term care may also apply.

What are key New Mexico-specific law areas for the exam?

Expect testing on Chapter 59A statutes, unfair trade practices (including misrepresentation, twisting, and rebating), fiduciary duties for premium funds, and Superintendent authority for exams and enforcement.