NM Public Adjuster study guide
NM Public Adjuster · Work through your exam, one topic at a time.
A New Mexico public adjuster license authorizes you to represent policyholders - not insurers - in negotiating and settling first-party property claims. You may prepare inventories, document damage, estimate repair costs, and negotiate with the insurer's adjuster for a fee paid by the insured. The NM Public Adjuster study guide has 8 sections and about 2,978 words.
01New Mexico Insurance Law, Rules, and Regulations
This domain tests how New Mexico regulates insurance and how those rules reach an adjuster's daily file: who the regulator is, what powers it holds, which statutes and rules govern claim conduct, and how state law interacts with the policy language you are applying. Statutes: the Insurance Code, NMSA Chapter 59A.
412 words, about 2 min02Licensing, Appointment, and Regulatory Requirements for Public Adjusters
This domain covers who may act as a public adjuster in New Mexico, how the license is obtained and kept, and what a compliant engagement looks like from the first contact to the final invoice. A public adjuster is licensed by OSI to represent the insured for compensation.
391 words, about 2 min03Insurance Principles and Policy Basics
This domain tests the fundamentals you apply on every file: indemnity, insurable interest, valuation, policy architecture, and causation. Examiners use these concepts to see whether you can read a policy rather than react to a denial letter.
366 words, about 2 min04Property Insurance Coverage Forms and Endorsements
This domain tests whether you can pick the right form and read its limits, exclusions, and endorsements before you write an estimate. HO-3: open perils on the dwelling, named perils on personal property; the most common New Mexico homeowners form.
396 words, about 2 min05Casualty and Liability Coverage Fundamentals
This domain tests liability coverage structure: what triggers the policy, how limits stack, and how New Mexico tort rules change the settlement math. Coverage A, bodily injury and property damage: premises-operations, products-completed operations; occurrence form versus claims-made form.
356 words, about 2 min06Claims Handling, Investigation, and Damage Evaluation
This domain tests the working method: acknowledge, investigate, document, quantify, and communicate - in that order, with evidence behind every number. Confirm coverage and the policy period before discussing dollars.
337 words, about 2 min07Adjusting Practices, Claim Documentation, and Settlement Negotiation
This domain tests how you build a file that survives scrutiny and how you convert that file into a settlement. A photograph log tied to dates, rooms, and measurements.
350 words, about 2 min08Fiduciary Duties, Ethics, and Unfair Claims Practices
This domain tests the standard of conduct: the public adjuster works for the insured, holds the insured's money, and must avoid the conflicts and shortcuts that draw discipline. Act in the insured's best interest and disclose anything that could bias your advice.
370 words, about 2 min