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 monoline workers’ compensation carrier focused on New Mexico employers and states it provides workers’ comp insurance to businesses of all types and sizes across New Mexico. Current public site guidance routes prospects through independent agents, and agent access/login is available from the homepage. The best verified underwriting/appetite detail is in the official Producer Guide PDF. Appetite is broad: the guide says New Mexico Mutual insures about 85% of classification codes applicable in New Mexico and offers industry-specific EZ Quote supplements for classes such as alarm/security, auto shops/dealers, contractors, farm & ranch, healthcare, hospital, hospitality, manufacturing, municipalities, oil & gas, restaurant, salvage/garbage refuse, social services, and transportation. Geography is primarily New Mexico; for out-of-state exposure, New Mexico Mutual has an out-of-state program only for New Mexico-based employers, generally requiring a permanent New Mexico location, a permanent out-of-state location, at least one out-of-state class with payroll, roughly 51% of payroll in New Mexico, and New Mexico premium greater than out-of-state premium. Ineligible/declined operations listed in the official guide include aircraft/helicopter operations, amusement parks, asbestos abatement, athletic teams, atomic/nuclear energy, blasting agents, bridge or tunnel operations, long-haul operations, marinas, marine railway operations, medical marijuana growing/distribution, offshore oil/gas, ship hull painting, oil refining, chemical blending/manufacturing, coal mining, dam/lock/dike construction, explosives or ammunition manufacturing, fireworks manufacturing/exhibitions, pharmaceutical or surgical goods manufacturing, subaqueous work, underground mining, U.S. armed forces civilian employees, wrecking buildings/structures, piers/wharf construction, and tower erection; the guide notes exceptions may exist only with underwriter review. Excluded account characteristics include significant prior cancellations for nonpayment or noncompliance, adverse loss experience, extensive use of uninsured subcontractors or independent contractors, temp staffing risks unless clerical only, extensive volunteer use at underwriter discretion, accounts without employees/payroll, contractors generating manual premium under $1,000, and contractor risks using only supervisory personnel under class code 5606. Submission handling is underwriter-driven: all applications are submitted through New Mexico Mutual’s PolicyCenter system, with loss runs, experience mod worksheets, and sometimes EZ Quote forms emailed/faxed/uploaded to the assigned underwriter. EZ Quote forms are not mandatory but are intended to improve pricing/underwriting efficiency. For binding new business, the guide requires a signed application, down payment, signed deductible form, and applicable ownership exclusion forms within 5 business days of binding. For out-of-state quotes, required items are ACORD application, currently valued 3-5 years of loss runs, and most recent mod worksheet; quotes are at underwriter discretion, and binding also requires a signed application plus additional deductible/state-specific exclusion forms as needed. Broker/producer notes: New Mexico law requires agency appointment with New Mexico Mutual before soliciting or placing business; duplicate submissions receive identical quotes, and the first agency to secure the signed application and down payment is recognized as broker of record. If a declined account is resubmitted with new qualifying information within 60 days, the originally declined agency receives the quote. Renewal business generally does not require a new application unless requested by underwriting; renewal binders are released about 35 days before renewal, and if payment is not received within the stated window, a new submission is required. Public contact guidance confirms underwriting contact channels, but no newer standalone public appetite page was verified beyond the official Producer Guide and related employer resources.