Who requires it
Office of Superintendent of Insurance
License & permit · New Mexico
New Mexico Public Adjuster Bond
New Mexico public adjusters must file a surety bond of at least $10,000 with the Office of Superintendent of Insurance. NMSA 1978 § 59A-13-5 protects the state and the public from actual damages caused by the licensee’s violations while acting as an adjuster. After the 2023 statutory amendment, the bond requirement applies to public adjusters; OSI directs electronic filing through NIPR.
Common bond amount
$10,000
Minimum $10,000 bond filed with the superintendent under NMSA 1978 § 59A-13-5.
How you file
File electronically with OSI through NIPR
Renewal
Keep coverage in place for the license term. OSI needs 30 days’ notice before the surety can cancel.
Who requires it
Applicants for and holders of a New Mexico public adjuster license under article 13 of the Insurance Code. Staff and independent adjusters follow different licensing paths and are outside the current statutory public-adjuster bond subsection.
How much is required
Section 59A-13-5 requires a bond of not less than $10,000, executed by an authorized surety insurer, filed with the superintendent.
How to get and file it
Have an authorized surety complete the OSI public-adjuster bond form, sign and notarize as required, and upload it through NIPR with a new or renewal public-adjuster application. Keep the bond in effect for the license duration. The surety may cancel with at least thirty days’ written notice to the superintendent, without prejudice to liability already accrued. Replace coverage before the effective cancellation date.
Cost note
Ten thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Minimum amount
- $10,000
- Authority
- NMSA 1978 § 59A-13-5
- Who requires it
- Superintendent of Insurance
- Filing path
- Electronic upload through NIPR with application or renewal
Official sources
Related resources
Frequently asked questions
Do New Mexico independent adjusters still need this bond?
The 2023 amendment to § 59A-13-5 limits the statutory bond filing to public adjusters. OSI’s implementing bulletin released sureties on existing independent-adjuster bonds after that change. Confirm current OSI licensing instructions if your adjuster type is unclear.
How do I file the New Mexico public adjuster bond?
OSI accepts public-adjuster surety bonds electronically through the NIPR warehouse with new or renewal applications and will not process mailed originals for that filing path.
Related New Mexico bond guides
Notary Public Bond
$10,000
New Mexico notary applicants must submit a ten-thousand-dollar bond—or an accepted equivalent—before the Secretary of State issues a commission under NMSA 1978 § 14-14A-20. The bond covers acts performed during the commission term. A notary may notarize in New Mexico only while a valid bond remains on file with the Secretary of State.
Contractors Bond
$10,000
New Mexico Construction Industries Division contractor licenses require a ten-thousand-dollar surety bond as proof of responsibility. NMSA 1978 § 60-13-49 and 14.6.3 NMAC apply that single amount on initial licensure and renewal. Contractor classifications—general building, general engineering, electrical, mechanical, and others—authorize different scopes of work, but they do not create different statewide bond amounts. Bond proceeds cure division-certified code violations the licensee caused and failed to correct.
Motor Vehicle Dealer Bond
$12,500 / $50,000
New Mexico Motor Vehicle Division dealer, wholesaler, distributor, auto recycler, and title-service licenses require a $50,000 bond before issuance. Motorcycle-only dealers file $12,500 instead. NMSA 1978 § 66-4-7 protects buyers against title failures, fraudulent misrepresentations, and warranty breaches as to liens. Form MVD-10175 is the usual filing form, and the bond must track the dealer license year that ends each March 31.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a New Mexico application
New Mexico will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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