New Mexico independent adjuster bonds.
$100. Verify first.
New Mexico historically required an independent adjuster to file a $10,000 bond with the Office of Superintendent of Insurance. We issue it at $100 flat — but be aware the independent adjuster bond requirement was repealed in 2023, so confirm with the OSI before you buy.
Trusted by industry leaders
How much does a New Mexico independent adjuster bond cost?
$100 at the $10,000 amount, the same for every applicant.
Three steps. One sitting.
If you've confirmed you still need it, license bonds are the simplest thing in surety:
Apply online
Your details and an effective date. That is the application. No credit check.
Pay & e-sign
Bonds like this issue right after purchase in most cases.
File with your license
Your executed bond and power of attorney arrive by email. Wet-ink original mailed on request.
What it is and who needs it.
What the bond covered — and an honest caveat
New Mexico's Office of Superintendent of Insurance historically licensed independent adjusters and conditioned the license on a $10,000 surety bond. The bond was a compliance guarantee: it stood behind the adjuster's obligation to follow the New Mexico Insurance Code and the OSI's rules.
Here is the honest part: the OSI repealed the independent adjuster bond requirement effective June 2023. Many independent adjusters in New Mexico no longer need to file a bond at all. The requirement may still apply to public adjusters, who handle claims on behalf of policyholders.
So before you buy: confirm with the Office of Superintendent of Insurance whether your specific license still requires a bond. If it does, we issue the $10,000 bond at $100 flat — no credit check. If it does not, we will tell you and you keep your $100.
You might need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $10,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your license. Your executed bond and power of attorney arrive by email. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $100 at the $10,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
No credit check.
Confirm first, then it issues on the spot.
These are the actual issuing fields. No credit check. But verify with the OSI that you still need this bond before you submit.
Start the application →Common questions.
Other New Mexico bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Verify the requirement, then file it.
$100 flat if you need it — and we will tell you plainly if you do not. Free until issued.