NAIC 390 CERTIFICATION SCRIPT 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◍ SLS creates objects with a porous texture..
Answer: True
◍ Dual-extruder FFF printers can print parts using multiple materials..
Answer: True
◍ Some AM processes have been around for 30 years or more..
Answer: True
◍ Areas That Are Regulated in insurance.
Answer: 1) Formation and Licensing of Insurers2) Financial Regulation -
Investments / Bank Accounts3) Rate Regulation - have to offer renewal by
law, can be a problem when you're operating at a loss bc risk went up but
premium stays the same4) Policy Forms5) Sales Practices and Consumer
Protection
◍ Additive manufacturing by photopolymerization is commonly called
stereolithography (SLA). -.
Answer: True
◍ Post-processing (removing support material and finishing) can be a
significant fraction of the cost in A
M. .
Answer: True
◍ Policyholder Surplus.
Answer: The retained earnings/equity of an insurance company that acts as a
financial backstop for losses.
◍ SLA allows better surface quality when compared to FF
F. .
, Answer: True
◍ Basic Parts of an Insurance Contract.
Answer: 1. Declaration Page2. Definitions3. Insuring agreement4.
Exclusions5. Conditions6. Coinsurance clause
◍ Estoppel.
Answer: A legal doctrine preventing a party from denying a fact if they
previously misrepresented it and the other party relied on it (not allowed to
misrepresent a fact, and then take it back when the other party is reliant on
it)
◍ Modify Protected Asset.
Answer: Adding safeguards directly to what you are protecting (e.g., a
sprinkler system).
◍ FDM (Fused Deposition Modeling) machines can have multiple
nozzles/extruders..
Answer: True
◍ Additional coverages examples.
Answer: debris removal, preservation of property, fire department service
charge, pollutant cleanup and removal, increased cost of construction, and
electronic data
◍ Apparent authority.
Answer: The authority an agent is believed by third parties to have because
of the behavior of the principal.
◍ What is SLA?.
Answer: Stereolithography
◍ Coinsurance Formula.
Answer: (Actual Amount of Insurance Coverage / Amount of Insurance
Required) x Actual Loss.
◍ Doctrine of "Reasonable Expectations".
Answer: Look at what the policyholder reasonably expectedMostly on
, personal level, not for commercial businesses who understand
insurance"The tie goes to the policyholder"
◍ Unilateral Contract.
Answer: A contract where only one party (the policyholder) has the right to
enforce it.
◍ Commercial Package Policy.
Answer: Combines commercial property coverage and commercial general
liability coverage into one policy for business convenience.
◍ Reasons why GEICO no longer insuring Tesla Cybertrucks.
Answer: Cost of repair (Bricking, Minor Damages, Glass)Liability
◍ SLS metal parts require expensive postprocessing such as CNC machining..
Answer: True
◍ Some of the reasons that have enabled AM progress in the past years
include:.
Answer: Lower cost of AM technologies, expiration of AM patents, greater
availability of CAD/CAM and growing availability of materials
◍ Additive manufacturing could shift the balance between local and global
production..
Answer: True
◍ Reinsurer.
Answer: The company that accepts the risk from the ceding company.
◍ Which of the following materials can be used in FFF 3D printing?.
Answer: PLA - Nylon - ABS - PETG
◍ General liability exposures: Completed Operations.
Answer: 1. Typical Insureds: Repair companies2. Provides coverage for
losses that occur after the "work" is finished
◍ Additive manufacturing refers to all processes by which digital 3D models
are used to build up a component in layers by depositing material..
Answer: True
QUESTIONS WITH SOLUTIONS GRADED A+
◍ SLS creates objects with a porous texture..
Answer: True
◍ Dual-extruder FFF printers can print parts using multiple materials..
Answer: True
◍ Some AM processes have been around for 30 years or more..
Answer: True
◍ Areas That Are Regulated in insurance.
Answer: 1) Formation and Licensing of Insurers2) Financial Regulation -
Investments / Bank Accounts3) Rate Regulation - have to offer renewal by
law, can be a problem when you're operating at a loss bc risk went up but
premium stays the same4) Policy Forms5) Sales Practices and Consumer
Protection
◍ Additive manufacturing by photopolymerization is commonly called
stereolithography (SLA). -.
Answer: True
◍ Post-processing (removing support material and finishing) can be a
significant fraction of the cost in A
M. .
Answer: True
◍ Policyholder Surplus.
Answer: The retained earnings/equity of an insurance company that acts as a
financial backstop for losses.
◍ SLA allows better surface quality when compared to FF
F. .
, Answer: True
◍ Basic Parts of an Insurance Contract.
Answer: 1. Declaration Page2. Definitions3. Insuring agreement4.
Exclusions5. Conditions6. Coinsurance clause
◍ Estoppel.
Answer: A legal doctrine preventing a party from denying a fact if they
previously misrepresented it and the other party relied on it (not allowed to
misrepresent a fact, and then take it back when the other party is reliant on
it)
◍ Modify Protected Asset.
Answer: Adding safeguards directly to what you are protecting (e.g., a
sprinkler system).
◍ FDM (Fused Deposition Modeling) machines can have multiple
nozzles/extruders..
Answer: True
◍ Additional coverages examples.
Answer: debris removal, preservation of property, fire department service
charge, pollutant cleanup and removal, increased cost of construction, and
electronic data
◍ Apparent authority.
Answer: The authority an agent is believed by third parties to have because
of the behavior of the principal.
◍ What is SLA?.
Answer: Stereolithography
◍ Coinsurance Formula.
Answer: (Actual Amount of Insurance Coverage / Amount of Insurance
Required) x Actual Loss.
◍ Doctrine of "Reasonable Expectations".
Answer: Look at what the policyholder reasonably expectedMostly on
, personal level, not for commercial businesses who understand
insurance"The tie goes to the policyholder"
◍ Unilateral Contract.
Answer: A contract where only one party (the policyholder) has the right to
enforce it.
◍ Commercial Package Policy.
Answer: Combines commercial property coverage and commercial general
liability coverage into one policy for business convenience.
◍ Reasons why GEICO no longer insuring Tesla Cybertrucks.
Answer: Cost of repair (Bricking, Minor Damages, Glass)Liability
◍ SLS metal parts require expensive postprocessing such as CNC machining..
Answer: True
◍ Some of the reasons that have enabled AM progress in the past years
include:.
Answer: Lower cost of AM technologies, expiration of AM patents, greater
availability of CAD/CAM and growing availability of materials
◍ Additive manufacturing could shift the balance between local and global
production..
Answer: True
◍ Reinsurer.
Answer: The company that accepts the risk from the ceding company.
◍ Which of the following materials can be used in FFF 3D printing?.
Answer: PLA - Nylon - ABS - PETG
◍ General liability exposures: Completed Operations.
Answer: 1. Typical Insureds: Repair companies2. Provides coverage for
losses that occur after the "work" is finished
◍ Additive manufacturing refers to all processes by which digital 3D models
are used to build up a component in layers by depositing material..
Answer: True
