New Mexico Mutual
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
New Mexico Mutual is a workers’ compensation specialist focused on New Mexico businesses and distributes through independent agents. The currently verified public producer-facing guidance is an Underwriting Resources page rather than a current formal appetite guide. Published materials indicate broad WC appetite across many New Mexico industry segments, with underwriting forms and class-specific supplements for contractors, farm & ranch, healthcare, hospitals, hospitality, manufacturing, municipalities, oil & gas, restaurants, salvage/recycling/garbage, social services, transportation, auto shops/dealers, alarm/security, and breweries. The site also references straight-through class code lists, tiering guidelines, executive/sole proprietor exclusion or inclusion forms, and an out-of-state fact sheet. Geographic focus is New Mexico; for out-of-state exposures, legacy producer guidance says NM Mutual must write the New Mexico operations/policy in order to consider the out-of-state program, and quotes are at underwriter discretion. Submission workflow in the verified producer guide materials requires applications through NM Mutual’s PolicyCenter system, with supporting items such as ACORD workers’ compensation applications, currently valued 3-5 year loss runs, ex-mod worksheets, and class/operation details sent or uploaded for underwriting review as needed. Small accounts may have limited producer binding authority in PolicyCenter, while larger accounts require underwriting approval before binding. For agency appointment, NM Mutual asks for a completed appointment application plus E&O, New Mexico agency and producer license, W-9, and if a live account is being submitted, an ACORD 130. Current broker/producer operating notes: contact the underwriting team assigned to the agency for new business applications, renewals, payroll changes, quote status, classification codes, and policy changes; the carrier emphasizes local underwriting expertise and provides marketing/underwriting support materials for agents. No current verified public page was found listing explicit declined classes; restricted business appears to be handled through class-specific supplemental forms, tiering, and underwriter discretion rather than a clearly posted declination list.