200+ Free NM P&C Practice Questions

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Question 1

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Which state agency has primary regulatory authority over property and casualty insurance companies and producers in New Mexico?

New Mexico Department of Financial Institutions

New Mexico Office of Superintendent of Insurance (OSI)

New Mexico State Corporation Commission

New Mexico Consumer Protection Division

to track

2026 Statistics

Key Facts: NM P&C Exam

~65-75%

Est. Pass Rate

Varies by admin.

150

Exam Questions

NM Office of Superintendent of Insurance

70%

Passing Score

NM Office of Superintendent of Insurance

2 hours 30 minutes

Exam Duration

NM Office of Superintendent of Insurance

$75

Exam Fee

PSI

The New Mexico Property & Casualty insurance exam has 150 questions in 2 hours 30 minutes, requiring 70% to pass. The exam covers national property and casualty content plus New Mexico-specific statutes, regulations, and producer law. Fee: $75.

Sample NM P&C Practice Questions

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

1Which state agency has primary regulatory authority over property and casualty insurance companies and producers in New Mexico?

A.New Mexico Department of Financial Institutions

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

C.New Mexico State Corporation Commission

D.New Mexico Consumer Protection Division

Explanation: The New Mexico Office of Superintendent of Insurance (OSI) is the primary regulator of all insurance companies and insurance producers in New Mexico, including property and casualty lines. The OSI enforces the New Mexico Insurance Code (NMSA Chapter 59A) and protects consumers by ensuring insurance companies operate fairly and remain financially solvent.

2Under New Mexico law, what is the minimum age requirement to apply for a resident insurance producer license?

A.16 years old

B.18 years old

C.21 years old

D.25 years old

Explanation: New Mexico requires that any individual applying for a resident insurance producer license must be at least 18 years old. This is consistent with the legal age of majority and the ability to enter into binding contracts in the state.

3Which testing vendor administers the New Mexico Property and Casualty Insurance licensing examination as of late 2024?

A.Pearson VUE

B.Prometric

C.PSI Services

D.Meazure Learning

Explanation: As of August 27, 2024, PSI Services replaced Prometric as the testing vendor for New Mexico insurance licensing examinations. This change was announced by the Office of Superintendent of Insurance, and candidates must now register with PSI to schedule their exams either at physical test centers or through remote proctoring.

4How many questions are on the New Mexico Property and Casualty Insurance licensing examination?

A.100 questions

B.120 questions

C.150 questions

D.175 questions

Explanation: The New Mexico Property and Casualty Insurance examination (Series 18-31) contains 150 multiple-choice questions. Candidates have 2.5 hours (150 minutes) to complete the exam, which averages to one minute per question.

5What is the passing score requirement for the New Mexico Property and Casualty Insurance examination?

A.60%

B.65%

C.70%

D.75%

Explanation: Candidates must achieve a score of 70% or higher to pass the New Mexico Property and Casualty Insurance examination. This means correctly answering at least 105 of the 150 scored questions to obtain a passing result.

6What is the examination fee for the New Mexico Property and Casualty Insurance licensing exam?

A.$50

B.$75

C.$100

D.$125

Explanation: The examination fee for the New Mexico Property and Casualty Insurance licensing exam is $75. This fee is paid directly to PSI Services when scheduling the examination appointment, and a new fee is required for each exam attempt.

7Is pre-licensing education required before taking the New Mexico Property and Casualty Insurance examination?

A.Yes, 40 hours of classroom instruction is required

B.Yes, 20 hours of self-study is required

C.No, pre-licensing education is not required but is recommended

D.Yes, only for applicants under 21 years of age

Explanation: New Mexico does not have mandatory pre-licensing education requirements for property and casualty insurance producers. However, the Office of Superintendent of Insurance strongly recommends completing an exam preparation course to increase the likelihood of passing the examination on the first attempt.

8Which New Mexico statute contains the primary insurance laws governing property and casualty insurance in the state?

A.NMSA Chapter 56

B.NMSA Chapter 57

C.NMSA Chapter 59A

D.NMSA Chapter 61

Explanation: The New Mexico Insurance Code is codified in NMSA Chapter 59A. This comprehensive statute governs all aspects of insurance regulation in New Mexico, including producer licensing, company admission, policy requirements, unfair trade practices, and consumer protections for property and casualty insurance.

9Under New Mexico law, how soon must a producer notify the Superintendent of a change in legal name or address?

A.Within 10 days

B.Within 20 days

C.Within 30 days

D.Within 60 days

Explanation: New Mexico insurance producers must notify the Superintendent of Insurance within 20 days of any change in the producer's legal name or address. This requirement ensures that the OSI maintains accurate contact information for all licensed producers and can communicate important regulatory updates.

10What happens if a New Mexico resident fails the property and casualty licensing examination four times within a 12-month period?

A.The candidate must wait 30 days before retaking

B.The candidate must wait 6 months before retaking

C.The candidate must complete 40 hours of pre-licensing education

D.There is no restriction on retakes

Explanation: New Mexico limits individuals to 4 exam attempts for the same exam type during a 12-month period. After the 4th unsuccessful attempt, the individual is placed into a 6-month waiting period and cannot retake the exam until this waiting period has expired.

About the NM P&C Exam

New Mexico P&C Producer exam covering OSI regulations, NMSA Chapter 59A, producer licensing, homeowners, commercial property, auto insurance, workers compensation, general liability, and ethics

Questions

150 scored questions

Time Limit

2 hours 30 minutes

Passing Score

70%

Exam Fee

$75 (NM Office of Superintendent of Insurance / PSI)

NM P&C Exam Content Outline

25%

New Mexico Insurance Regulation

New Mexico DOI/department requirements, producer licensing, pre-license education, continuing education, appointment process

25%

New Mexico Property Insurance Laws

New Mexico homeowners requirements, commercial property, builders risk, inland marine, and state-specific mandates

25%

New Mexico Casualty Insurance Laws

New Mexico auto insurance requirements, liability minimums, workers compensation, general liability, and umbrella/excess

25%

New Mexico Ethics & Practices

Unfair trade practices, producer conduct, New Mexico guaranty association, penalties, and compliance requirements

How to Pass the NM P&C 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 P&C Study Tips from Top Performers

1Master New Mexico-specific statutes and regulations — they are heavily weighted on the exam

2Know the New Mexico guaranty association coverage limits and triggering events

3Understand New Mexico producer licensing requirements: pre-license education, CE, and appointment rules

4Study New Mexico auto insurance requirements including minimum liability limits

5Complete 200+ practice questions and score 80%+ consistently before scheduling

Frequently Asked Questions

How hard is the New Mexico Property & Casualty insurance exam?

The New Mexico Property & Casualty exam has 150 questions in 2 hours 30 minutes, requiring 70% to pass. New Mexico-specific topics like state statutes, producer law, and guaranty association rules are heavily tested.

What are New Mexico's pre-license education requirements?

New Mexico requires approved pre-license education before taking the Property & Casualty exam. Check with the NM Office of Superintendent of Insurance for current hour requirements and approved providers.

How much does the New Mexico Property & Casualty exam cost?

The exam fee is $75, administered by NM Office of Superintendent of Insurance / PSI. Additional fees may apply for fingerprinting and license application.

How long should I study for the NM Property & Casualty exam?

Most candidates study 40-80 hours over 2-4 weeks beyond pre-license education. Focus on New Mexico-specific statutes and regulations, as these topics distinguish the state exam from general content.