Combine the cumin, chili powder, garlic powder, salt, and pepper in a small bowl, then set aside.
Heat a large skillet over medium heat, then add 1 tablespoon of olive oil.
Sprinkle the spice mixture on both sides of the chicken.
Sear the chicken in the skillet for 2-3 minutes per side until nicely browned, then remove and set aside.
Add the remaining olive oil to the skillet, then add the onion, garlic, and bell peppers. Sauté for 4-5 minutes until softened.
Add the Ro-tel, heavy cream, chicken broth, and cream cheese, and reduce the heat to medium-low. Stir until the cream cheese melts entirely.
Add 1/2 cup of the shredded cheese to the sauce and stir until the cheese is melted.
Put the chicken back in the skillet, and cover with the remaining cheese.
Place a lid on the skillet and simmer over low heat for 6-8 minutes, or until the chicken reaches an internal temperature of 165F.