If you want to obtain a New Mexico adjuster license and need some tips on what to expect and how to make the process run as smoothly and quickly as possible, you have come to the right page.
Before you start the process towards adjuster licensure, you must have some qualifications.
To start with, you must be at least 18 years old and demonstrate good business reputation. Besides, you must be a New Mexico resident and have special education, which will indicate your competency.
If you are not a US resident, then you must present verification of Visa, Work Permit or Green Card.
It is important to know that the state of New Mexico does not require pre-licensing courses for adjuster licensing. Thus, you are responsible for your studies and can study the way you want.
In the long run, you can purchase study materials online and prepare by yourself. This method will be useful for those, who do not want to spend extra money on pre-licensing and enjoy preparing on their own.
Taking pre-licensing courses may also be choice, as there are many good pre-licensing packages for adjuster licensing. These courses give you a great chance of passing the exam on your first try and furnish you with relevant knowledge.
When you fully understand the examination material and feel confident about it, it is time to take the state licensing exam. To register for the exam, use this link and schedule an exam. If you do not have an account, create one by following the instructions.
Call at (800) 853-5448 providing that you do not want to register for the exam online.
The examination fee is $75 per attempt. You must pay the fee beforehand.
The exam consists of 50 questions and the passing score is 70%. Therefore, those, who do not manage to score 70% or higher, will fail the exam and need to retake it.
The examination covers the following content:
Note that you will have only an hour to complete the whole test. Hence, you should use your time wisely and manage to hand in the test in time.
Another major step is filing an original $10,000 surety bond with the New Mexico Office of Superintendent of Insurance, which must be executed by an authorized surety insurer.
After successfully passing the state licensing exam you are ready to apply for the adjuster license. Click here to apply online and pay the $30 license fee.
Office of Superintendent of Insurance
P.E.R.A. Building, Room 434
1120 Paseo de Peralta
Santa Fe, New Mexico 87504
PO Box 1269 Santa Fe, NM 87504
Phone: 505-827-4601 or 800-947-4722 (in NM)
From the day of submitting the license application, it will take about 10 days to receive your New Mexico adjuster license.
The entire licensing process, on the other hand, will take about three or four months to complete. This, as a rule, depends on the learning skills of an applicant and his/her ability to pass the exam as soon as possible.