Memorize Key Points

Reasoning and logic will help you answer many questions, but you will have to memorize a good deal of information. Mnemonic devices gives you a shorthand way of remembering information with a single word or phrase. For example, the elements necessary for a risk to be insurable can be summarized as CANHAM:
C – Chance of loss must be calculable
A – Premiums must be affordable
N – Loss must be noncatastrophic
H – large number of homogenous (similar) exposures must exist
A – Loss must be accidental
M – Loss must be measurable