What is required for non-resident agents to obtain a license in New Mexico?

Non-resident agents who wish to obtain a license in New Mexico must designate the superintendent of insurance as their attorney. This requirement ensures that there is a designated representative within the state who can accept legal documents and manage communications on behalf of the non-resident agent. This process facilitates regulatory oversight and allows for effective communication between the non-resident agents and the state insurance department, which is crucial for maintaining compliance with state laws and regulations.

The other options do not reflect the actual requirements for licensing non-resident agents in New Mexico. For instance, residing in New Mexico or having a local partner is not a prerequisite for non-residents. Additionally, there is no requirement for non-resident agents to pass an additional exam specific to New Mexico, provided they hold a valid license in their home state. Understanding these key elements can help clarify the licensing process for non-resident agents in New Mexico.