English to Arabic Bus/Financial Finance (general)

Jurisdictions may decide to exclude some activities from the definition of insurance activities subject to licensing. Any such activities should be explicitly stated in the legislation. Jurisdictions may do this for various reasons, such as:
• the insured sums do not exceed certain amounts;
• losses are compensated by payments in kind;
• activities are pursued following the idea of solidarity between policyholders (e.g., small mutuals, cooperatives and other community-based organisations, especially in the case of microinsurance); or