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Life and Health Insurance Producer Exam

Licensing (NM): practice questions

Our Life & Health Insurance bank has 12 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · New Mexico

A New Mexico individual license was not continued by its due date. Within 30 days afterward, on what terms may the superintendent still grant continuation?

  1. If the request comes with a fee of double the normal fee plus a $500 fine
  2. If the request comes with a fee of 150% of the normal continuation fee
  3. Only if the appointing insurer files a written request on the producer's behalf
  4. Only if the licensee retakes and passes the licensing exam
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B. If the request comes with a fee of 150% of the normal continuation fee — NMSA 1978, 59A-11-10(C).

Question 2 · New Mexico

What is the passing grade on a New Mexico insurance licensing examination?

  1. Not less than 70
  2. Not less than 75
  3. Not less than 80 percent
  4. At least 65 percent of the questions
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A. Not less than 70 — NMSA 1978, 59A-11-6(D); 13.4.2.11(D)(3) NMAC.

Question 3 · New Mexico

As part of a New Mexico license application, whom must a nonresident producer appoint as agent to receive legal process?

  1. The superintendent of insurance
  2. The New Mexico secretary of state
  3. The insurer with which the applicant has the most appointments
  4. A resident producer who works in the same line of authority
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A. The superintendent of insurance — NMSA 1978, 59A-12-25(B).

Question 4 · New Mexico

Which applicant is exempt by statute from the New Mexico life and accident and health producer examination?

  1. One holding a four-year degree in business or finance
  2. One holding a FINRA Series 7 registration
  3. One with two years of work as a claims adjuster
  4. One holding the CLU designation
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D. One holding the CLU designation — NMSA 1978, 59A-12-16(E)(3).

Question 5 · New Mexico

For how long may the New Mexico superintendent issue a temporary producer license (for example, to the surviving spouse of a deceased producer)?

  1. Not more than 90 days
  2. Not more than one year
  3. Not more than 180 days
  4. Until the next renewal date of the deceased producer's license
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C. Not more than 180 days — NMSA 1978, 59A-12-19(A).

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