New Mexico Life & Health
Insurance Exam
Don't leave your insurance license to chance. Study national core concepts and your state's licensing rules for the Life-only, Health-only and Life & Health exam. Same format, same difficulty, same tricky answer choices.
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How to Pass the NM PSI Services Insurance Licensing Exam
Passing the New Mexico Life, Accident & Health insurance exam (PSI Series 18-27) requires mastering life insurance, health insurance, annuities, and New Mexico-specific regulations from the New Mexico Office of Superintendent of Insurance (OSI). Our comprehensive study system helps you prepare with realistic practice questions and detailed explanations aligned with the PSI exam format.
Topics Covered
Who Takes This Exam?
Aspiring Insurance Agents
Anyone seeking a Life & Health insurance license in New Mexico must pass this state licensing exam administered by PSI Services.
Pre-Licensing Requirements
You must be 18+, complete pre-licensing education requirements, and submit any required documentation before your New Mexico insurance license can be issued.
Official Licensing Resources
Access official state contacts, exam guides, and scheduling portals:
Master Your New Mexico Insurance Licensing Exam
Learn from expert insights and avoid the most common pitfalls that trip up test-takers in New Mexico, and master key terms in our Glossary.
Study Tips
Expert strategies for success
Focus on New Mexico Insurance Code (OSI rules)
New Mexico has unique regulations administered by the Office of Superintendent of Insurance (OSI). Pay close attention to rules on licensing, unfair trade practices, and replacement.
Practice with PSI-style questions
The New Mexico Life & Health examination (PSI Series 18-27) uses scenario-based multiple choice questions. Practice with realistic questions to build familiarity with the exam format.
Study Life and Health insurance comprehensively
The combined examination covers both life and health lines. Aim for consistently scoring 80% or higher on practice tests to maintain a comfortable passing margin.
Common Mistakes
Pitfalls to avoid on test day
New Mexico replacement rules & free-look
New Mexico mandates a 30-day free-look period for replacement policies (as well as for LTC and Medicare Supplement), compared to the standard 10-day period.
Guaranty Association coverage limits
Many candidates confuse New Mexico Guaranty Association limits: $300,000 life death benefit, $100,000 cash surrender, $500,000 major medical, and $250,000 annuity present value.
Continuing Education (CE) live requirement
New Mexico requires 24 hours of CE biennially, including at least 3 hours in ethics and at least 3 hours in live/classroom courses.
Ready to put these tips into practice?
Start with our free practice questions and see how you perform, then upgrade to access our complete study system.
Free NM Insurance Exam Practice PDF
Download a comprehensive practice test with 50 insurance questions, including New Mexico law topics, with answers. Perfect for offline study!
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Free NM Cram Cheat Sheet & Guide
Access our comprehensive study cheat sheet covering essential New Mexico insurance licensing timelines, grace periods, and exam metrics.
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Your Questions Answered
Quick answers to the most common questions about the New Mexico insurance licensing exam
How many questions are on the New Mexico insurance exam?
The combined New Mexico Life, Accident & Health insurance exam (PSI Series 18-27) contains 150 questions with a 2-hour 30-minute time limit.
What is the passing score for the New Mexico insurance exam?
To pass the New Mexico insurance licensing exam, you must achieve a score of 70% or higher.
How much does the New Mexico insurance exam cost?
The examination fee is $75 per attempt, paid directly to PSI Services when scheduling.
How long do I have to complete the New Mexico insurance exam?
You have 2 hours and 30 minutes (150 minutes) to complete the combined Life and Health exam in New Mexico.
What happens if I fail the New Mexico insurance exam?
If you fail, you can reschedule immediately for another attempt through PSI by paying the standard examination fee.
Do I need pre-licensing education for a New Mexico insurance license?
No. New Mexico law does not require mandatory pre-licensing education before taking the exam. However, comprehensive preparation is strongly recommended.
Who administers the New Mexico insurance exam?
The New Mexico insurance examinations are administered by PSI Services on behalf of the New Mexico Office of Superintendent of Insurance (OSI).
Your First Step to Getting Licensed
Questions are manually curated by our content team using official New Mexico Office of Superintendent of Insurance exam outlines and study materials. We adhere to strict Editorial Standards to ensure accuracy. Each question covers topics from the Life & Health exam — so you practice with questions that closely mirror the actual PSI Services licensing exam.
Life Insurance
315 questions
Health Insurance
314 questions
General Insurance
165 questions
Annuities
147 questions
NM Law & Ethics
135 questions
Free Full-Length Line Practice Exams (25 Qs Each)
Life & Annuities Practice Exams
Realistic practice tests covering general principles, policy provisions, riders, annuities, and New Mexico life insurance laws.
Accident & Health Practice Exams
Realistic practice tests covering medical expense plans, disability income, Medicare, and New Mexico health insurance laws.
Flashcards
500+ Flashcards
Full Question Bank
1,050+ exam-like questions
Hard Questions
Tricky questions people miss
Built for One Goal: Pass the Insurance Exam on Your First Try
Practice what the exam actually tests — life, health, annuities, and New Mexico state law.
3 Full-Length Practice Tests Included
Get instant access to our printable 450-question practice exam book. Includes 3 complete Life & Health insurance practice tests — each with a 75-question Life section and a 75-question Health section — plus detailed answer keys with explanations. Perfect for timed practice sessions that mirror the real exam.
