Free New Mexico P&C Exam Prep
New Mexico Property & Casualty Insurance
Prepare for the New Mexico P&C exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.
Quick Facts
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New Mexico Property & Casualty Insurance License: Complete Roadmap
Follow this path to organize your licensing and exam preparation
National P&C Fundamentals
Master foundational P&C insurance concepts: property insurance basics, casualty insurance principles, policy structures, and general insurance concepts tested on the exam.
New Mexico Insurance RegulationYou are here
Study New Mexico-specific laws including OSI regulations, NMSA Chapter 59A, producer licensing requirements, and unfair trade practices.
New Mexico Property Insurance
Learn homeowners coverage, commercial property, NM Guaranty Fund provisions, and cancellation/nonrenewal rules.
New Mexico Auto & Liability
Master 25/50/10 auto minimums, Mandatory Financial Responsibility Act, UM/UIM requirements, workers compensation, and general liability.
Can You Take the New Mexico P&C Exam?
Check if you meet the basic eligibility requirements
- •No mandatory pre-license education hours required
- •PSI Services administers exams (as of August 2024)
- •4 exam attempts allowed per 12-month period
- •6-month waiting period after 4th failed attempt
- •License application through NIPR within 48 hours of passing
- •New Mexico 25/50/10 auto insurance minimums
- •UM/UIM coverage must be offered (can be rejected in writing)
New Mexico P&C Quick Facts
Time to Get Licensed
3-5 weeks
From start to license in hand
Retake Policy
4 attempts per 12 months; 6-month wait after 4th failure
Temporary License
Available for resident producers since August 2024
Total Cost Breakdown
Exam Exemptions
Holders of these professional designations may be exempt from all or part of the exam:
Chartered Property Casualty Underwriter - may waive exam
Certified Insurance Counselor - may waive exam
Free New Mexico P&C Prep Tools
Reported exam pass rate: ~65% (first attempt). Check the exam sponsor for the latest official figure.
387+ Practice Questions
Practice by topic with detailed answer explanations
AI Tutor Explains Mistakes
Understand why answers are wrong, not just which ones
Updated for 2026
Review the latest update date on each resource
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What You'll Study
24 chapters covering the exam topics in this guide
Standalone Coverage Map
1 sections
Introduction: New Mexico Property & Casualty Insurance Exam Overview
1 sections
National Portion: Insurance Fundamentals
5 sections
National Portion: Property Insurance Concepts
5 sections
National Portion: Dwelling Policies (DP)
4 sections
National Portion: Homeowners Policies - Forms & Section I
4 sections
National Portion: Homeowners Policies - Section II & Endorsements
3 sections
National Portion: Personal Auto Policy - Liability & Injury
4 sections
National Portion: Personal Auto Policy - Physical Damage & Duties
3 sections
National Portion: Liability Insurance Concepts
4 sections
National Portion: Commercial Property Insurance
5 sections
National Portion: Commercial General Liability - Coverages
3 sections
National Portion: Commercial General Liability - Limits, Triggers & Exclusions
3 sections
National Portion: Commercial Auto Insurance
5 sections
National Portion: Workers Compensation
5 sections
National Portion: Other Commercial Lines - BOP, Crime & Marine
4 sections
National Portion: Other Commercial Lines - Specialty & Professional
4 sections
National Portion: Other Commercial Lines - Surety, Flood & Specialty
3 sections
National Portion: Insurance Regulation & Market Conduct
3 sections
National Portion: Ethics & Unfair Trade Practices
3 sections
Chapter 1: New Mexico P&C Insurance Regulation & Licensing
3 sections
Chapter 2: New Mexico Property Insurance
2 sections
Chapter 3: New Mexico Auto & Casualty Insurance
2 sections
Chapter 4: New Mexico Ethics & Professional Conduct
2 sections
New Mexico P&C-Specific Topics Covered
New Mexico P&C Exam Details
New Mexico Property & Casualty Insurance
Administered by New Mexico Office of Superintendent of Insurance (OSI)
Exam Content Breakdown
Based on the official New Mexico Office of Superintendent of Insurance (OSI) content outline
OSI structure, licensing process, producer duties
Insurance concepts, insurers, producers
Policy provisions, conditions, coverages
DP and HO policy forms, coverages, exclusions
25/50/10 minimums, PAP, UM/UIM
Commercial policies, workers comp, specialty lines
NMSA 59A, guaranty fund, unfair practices
What's Included
24 Chapters
Complete exam coverage
Practice Quizzes
With detailed explanations
Free to Start
No credit card required
Quality Exam Prep Shouldn't Cost Hundreds
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What's Next After the New Mexico P&C?
After passing the New Mexico P&C, you can pursue these career paths
New Mexico P&C Exam FAQ
Official New Mexico Office of Superintendent of Insurance (OSI) Resources
Verify information with these official sources
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Ready to Start Your Free New Mexico P&C Prep?
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