Part of the expanding PassProfessor catalog: 9,956 questions. Join the notify list and we will email you when enrollment opens.
What’s included
Built on New Mexico’s own outline, not a generic national syllabus. PSI’s outline for Series 18-31 is unusually specific about what New Mexico tests: the Superintendent’s powers, the licensing process under the New Mexico Insurance Code, unfair trade and claims practices, the state’s Insurance Fraud Act, commercial property forms, and a homeowners and personal auto block that together carry 36 of the 150 items. Our New Mexico bank holds 9,956 questions organized under the outline’s own headings, so the section you drill is the section PSI will test.
A 2,000-question regulation section. The real exam gives 15 of its 150 items — 10% — to Insurance Regulation, and nearly all of it is New Mexico law: who needs a license, how appointments are made and terminated, what the Superintendent can do, which sales practices are prohibited. Our bank’s Insurance Regulation section holds 2,000 questions and carries that New Mexico regulation content — licensing, OSI powers, and New Mexico rules — alongside general regulation material, so the most state-specific part of the exam can be drilled on its own instead of skimmed inside a national chapter.
An explanation on every question. Every one of the 9,956 questions explains why the correct answer is right and why the tempting alternatives are wrong, in plain language. The explanation is the lesson; the question is how you find out you need it.
Practice exams at the real exam’s weights. Each full practice exam is generated fresh for that attempt — 150 questions weighted the way PSI’s outline weights them, with commercial property, the P&C basics, homeowners, and personal auto carrying the most, and regulation, general concepts, and workers’ compensation laws in their published proportions. Questions you have not seen come first, and you never sit the same exam twice.
Drills that match how the exam is built. Drill a single bank section — Insurance Regulation, General Insurance Concepts, Workers’ Compensation Laws — or sit the full 150-question simulation against the 2½-hour clock. Your results break down by section, so a weak area shows up in your practice data before it shows up on a score report.
Questions that stay honest. Every item in the program is monitored from real student responses once the program opens. Questions students find suspiciously easy or suspiciously hard are pulled for review, and anything found wrong is fixed or retired. New Mexico is one state in a 50-state program of 478,523 questions, all held to the same standard.
Built for how this exam is actually scored. New Mexico’s standard is a straight percentage — 70% correct across one combined score — so this program reports your practice performance the same way: by section and overall, against the real weights. That honesty cuts both ways. A strong homeowners score cannot hide a failing regulation block in your data, because it will not hide it on the real exam either; the combined score simply averages your preparation, and the drills exist to raise the sections that drag it down. When your weighted full simulations clear 70% with room to spare and no section is left below the line, you have evidence — not a feeling — that you are ready to schedule.
This program is part of the expanding PassProfessor catalog — join the notify list and we’ll email you when enrollment opens.
New Mexico licenses property and casualty producers through one combined exam — the Property and Casualty Insurance Producer exam, Series 18-31, given by PSI for the Office of Superintendent of Insurance (OSI): 150 scored items in 2½ hours, and 70% correct to pass. PassProfessor’s New Mexico program will give you 9,956 original practice questions built on PSI’s published New Mexico content outline — including a 2,000-question Insurance Regulation section that carries New Mexico licensing and OSI rule content alongside general regulation — with an explanation on every question and full practice exams generated fresh, at the real exam’s weights, every time you sit one. A free sample comes with the program; the full New Mexico program will be $29 when enrollment opens.
The real exam at a glance
Current as of October 2026, per the PSI New Mexico Candidate Information Bulletin (dated June 4, 2026) and PSI’s content outline for Series 18-31. Full detail — eligibility, registration, fingerprints, retakes, test day — is in our New Mexico insurance exam guide.
| New Mexico Property and Casualty Insurance Producer exam (Series 18-31) | |
|---|---|
| Administered by | PSI Services LLC, for the New Mexico Office of Superintendent of Insurance (OSI) |
| Scored items | 150 |
| Experimental (unscored) items that may be added | 5–10 (you cannot tell which they are) |
| Time limit | 2½ hours (150 minutes) |
| Passing standard | 70% correct |
| Exam fee | $75, paid to PSI when you schedule |
| License application fee | $30 state fee, paid through NIPR after you pass (separate from the exam fee; NIPR transaction fees are additional) |
- New Mexico requires no pre-licensing study course for this license. PSI’s bulletin states it plainly: OSI does not specify an official study manual, and you are not required to take a pre-licensing study course. You prepare however you choose, pass the exam, complete the fingerprint background check, and apply.
- 70% correct means what it says. Unlike vendors who convert results to a scaled score, PSI states the New Mexico standard directly: you must get 70% correct to pass. That makes your practice percentages a meaningful gauge — if your full simulations sit comfortably above 70% across every section, you are practicing above the line the state actually uses.
- You may test at a PSI test center (in New Mexico: Albuquerque, Farmington, Las Cruces, Roswell, and Santa Fe, plus PSI centers nationwide) or by online proctoring from home.
- You apply for the license after passing: OSI must receive all required application materials, including the license fee, within one year after you pass the exam, through NIPR.
- Mind the four-attempt rule. New Mexico allows up to four attempts to pass an exam for a line of authority; after a fourth unsuccessful attempt, a six-month waiting period applies before you may test again. That rule is the practical argument for arriving over-prepared rather than treating the first sitting as a scouting trip: attempts are a finite resource in New Mexico in a way they are not in most states, and a candidate who spends them learning what the exam feels like has fewer left for passing it. Our full blueprint simulations exist to give you the scouting information — the pacing, the section mix, the feel of 150 questions in 150 minutes — without spending a real attempt to get it.
How the practice maps to the real exam
Every question in the New Mexico bank is filed under one of the bank’s topic headings, drawn from PSI’s published outline structure for Series 18-31. Counts below are the bank itself, counted question by question.
| Bank topic (built on PSI’s Series 18-31 outline) | Practice questions |
|---|---|
| Property and Casualty Insurance Basics | 5,245 |
| General Insurance Concepts | 2,249 |
| Insurance Regulation | 2,000 |
| Workers’ Compensation Laws | 462 |
| Total | 9,956 |
A note on how to read that table: the Property and Casualty Insurance Basics heading is the bank’s largest because the real outline is largest there too — it spans the policy-form material PSI tests section by section (dwelling, homeowners, personal and commercial auto, commercial property, commercial general liability, businessowners, and other P&C policies), which together account for the clear majority of the 150 items. The Insurance Regulation heading carries the New Mexico regulation content — the licensing process, types of licensees, the Superintendent’s general duties and powers, appointment and termination, unfair trade practices, and the Insurance Fraud Act — alongside general regulation. We describe it that way, rather than quoting a single “state-law” total, because the bank’s headings do not split New Mexico rules from general regulation into separate counts — and we would rather show you the real structure than a tidier number.
The Workers’ Compensation Laws heading deserves a word of its own, because candidates routinely misjudge it in both directions. On the real exam it is small — 3 of 150 items, covering coverages and benefits, rating and job classification, the key definitions, occupational accident versus occupational disease, levels of disability, and federal laws. Small is not the same as optional: those items are drawn from a bounded set of concepts that can be learned completely, and 462 practice questions is more than enough depth to learn them that way. The same logic runs through the whole bank — depth is allocated so that every outline area, heavy or light, can be drilled to the point where it stops costing you questions.
How to use it
- Join the notify list today. When enrollment opens, start with free sample questions — a fixed set of 10–15 New Mexico questions, roughly two-thirds high-success questions and one-third stretch questions, with full explanations: enough to see how the program teaches and where you stand.
- Drill Insurance Regulation early. It is 15 of 150 items on the real exam, it is almost entirely New Mexico law, and it rewards direct study of concrete rules — license types, day counts, prohibited practices, the Superintendent’s authority. Our 2,000-question regulation section exists so this block can be finished, not just visited.
- Give the policy forms their combined weight. Commercial property (22 items), homeowners (18), and personal auto (18) are the three heaviest policy sections on PSI’s outline. Learn them comparatively: what each form covers, excludes, and how it pays.
- Sit full generated exams against the clock. 150 scored items in 150 minutes — plus up to 10 experimental items mixed in — is a pace of about a minute per question. Practice the pace, not just the material.
- Book the real exam through PSI when your practice scores sit comfortably above 70% on full simulations — then complete fingerprinting and apply through NIPR inside the one-year window after passing.
One habit separates candidates who improve between simulations from candidates who merely repeat them: review by section, not by score. After each full exam, look at which bank sections produced the misses, drill the weakest one until its questions stop surprising you, and only then sit the next full simulation. The overall percentage is the outcome; the section pattern is the diagnosis, and the diagnosis is what the next study session should treat.
Pricing
$29 — the full New Mexico program, when enrollment opens. All 9,956 questions, every explanation, unlimited fresh practice exams and section drills. If it isn’t for you, our refund policy gives you 14 days provided you have attempted less than 20% of the program (see the site Terms for the full policy).
For comparison, as of October 2026: WebCE’s practice-only Exam Tutor costs $39.95 with no published question count; Kaplan’s standalone InsurancePro QBank starts at $69; full pre-licensing courses from the national providers run $129 to $349 — in a state that does not require you to take one. This program is the practice itself, priced below every one of them.
This program is part of the expanding PassProfessor catalog — join the notify list and we’ll email you when enrollment opens.
Frequently asked questions
How many questions are on the New Mexico P&C exam?
The Series 18-31 exam contains 150 scored items, and PSI may add 5 to 10 unscored experimental questions that are being tried out for future exams. You cannot tell which items are experimental, so treat every question as if it counts. You have 2½ hours for everything on screen.
What score do I need to pass the New Mexico P&C exam?
70% correct. PSI states the standard directly — “You must get 70% correct to pass” — rather than converting your result to a scaled score. Your score appears on screen at the end of the exam, and your score report is emailed to you.
Does New Mexico require pre-licensing education?
No. PSI’s candidate bulletin states that OSI does not specify an official study manual and that you are not required to take a pre-licensing study course. You may prepare however you choose, take the PSI exam, and then apply. Preparation is optional in New Mexico; passing is not.
How much does the New Mexico P&C exam cost?
The exam fee is $75, paid to PSI when you schedule; it is not refundable or transferable, and it covers one attempt. After you pass, the license application carries a $30 state fee, paid through NIPR (NIPR’s own transaction fees are separate), and fingerprinting through IdentoGO carries its own separate fee.
Who administers the New Mexico insurance exam?
PSI Services LLC administers the exam under contract with the New Mexico Office of Superintendent of Insurance. You schedule at PSI’s New Mexico insurance page or by calling 855-560-3714, and you may test at a PSI test center or by online proctoring.
What do I do after I pass?
Wait at least 48 hours for your result to reach NIPR, complete the fingerprint background check, and apply online through NIPR with the $30 state fee. OSI must receive all required application materials within one year after you pass the exam. OSI does not issue the license until it has received your background check results.
What happens if I fail?
Your emailed score report includes a diagnostic report showing your strengths and weaknesses by exam area. You cannot retest the same day, but you can schedule the next day for as soon as the following day, space permitting, and the $75 fee applies to each attempt. One hard limit: you get up to four attempts to pass an exam for a line of authority — after a fourth unsuccessful attempt, a six-month waiting period applies before you can test again.
How long is my passing score good for?
One year. OSI must receive all required application materials, including the license fee, within one year after you pass; miss that window and the exam result no longer supports your application.
Are these real exam questions?
No. Every PassProfessor question is written by us, from scratch, to PSI’s published New Mexico content outline and New Mexico insurance law. We never use real exam questions, recalled questions, or another provider’s bank — and using actual exam content would violate the candidate rules you agree to when you test.
Does this program count as pre-licensing education?
New Mexico requires no pre-licensing education for this license, and this program is exam preparation only — it provides no education credit in any state. It exists to prepare you for the exam itself.
Why does the regulation section get its own drills?
Because 15 of the 150 scored items — a full tenth of the exam — come from Insurance Regulation, and that section is New Mexico-specific in a way the rest of the exam is not: the licensing process, the Superintendent’s powers, appointment and termination rules, unfair trade practices, and the New Mexico Insurance Fraud Act, all cited to the New Mexico Insurance Code in PSI’s outline. National study materials cover this material thinnest. Our bank holds 2,000 regulation questions so it can be drilled until it is the most predictable part of your exam.
When can I enroll in the New Mexico program?
Enrollment for this program opens as the catalog expands. Join the notify list on this page and we will email you when enrollment opens.
Disclaimer
PassProfessor is an independent exam-preparation provider. This program is exam preparation only: it is not pre-licensing education, provides no education credit, and is not affiliated with, endorsed by, or approved by the New Mexico Office of Superintendent of Insurance, PSI, NIPR, or any other government agency or exam vendor. All practice questions are original, written to PSI’s published content outline; none are actual exam questions. Exam facts on this page are summarized from official sources as of October 2026 — confirm current fees, rules, and scheduling with OSI and PSI before you register.