Key Takeaways
- The Superintendent of Insurance is APPOINTED by a 9-member Nominating Committee (not elected or Governor-appointed)
- OSI became an independent agency in 2013 after voters approved Constitutional Amendment 4
- New Mexico does NOT require pre-license education
- PSI Services LLC administers New Mexico insurance licensing exams (as of October 2024)
- Fingerprinting and background check are required for first-time candidates
Last updated: January 2026
New Mexico Office of Superintendent of Insurance (OSI)
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The Office of Superintendent of Insurance (OSI) serves as the primary regulatory agency for insurance in New Mexico.
Office of Superintendent of Insurance (OSI)
The OSI is responsible for:
- Licensing and regulating insurance producers
- Monitoring insurer solvency and financial condition
- Reviewing rates and policy forms
- Investigating consumer complaints
- Enforcing insurance laws
- Overseeing continuing education compliance
OSI Leadership - Unique Selection Process
The Superintendent of Insurance is selected through a unique process:
| Detail | Information |
|---|---|
| Selection | Appointed by 9-member Nominating Committee |
| Not | Elected by voters or appointed by Governor |
| Committee Makeup | 4 by Governor, 4 by Legislative Council, 1 by others |
| Independent Agency | Since 2013 (Constitutional Amendment 4) |
Exam Tip: New Mexico's Superintendent is NOT appointed by the Governor like most states. A 9-member Nominating Committee makes the selection - this is unique among U.S. states!
Constitutional Background
| Year | Event |
|---|---|
| 2012 | Voters approve Constitutional Amendment 4 |
| 2013 | OSI becomes an independent agency |
| Present | Superintendent selected by Nominating Committee |
The OSI's authority comes from:
- Article XI, Section 20 of the New Mexico Constitution
- New Mexico Insurance Code
Contact Information
- Address: P.O. Box 1689, Santa Fe, NM 87504-1689
- Physical: 1120 Paseo de Peralta, Santa Fe, NM 87501
- Phone: (855) 427-5674
- Website: osi.state.nm.us
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Test Your Knowledge
How is the New Mexico Superintendent of Insurance selected?
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Test Your Knowledge
When did the New Mexico OSI become an independent agency?
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Test Your Knowledge
What is the name of the agency that regulates insurance in New Mexico?
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