Deviation Policy

Organizational procedure for dealing with activities or behavior that differs from what is expected. Deviations can be classified according to categories. Management actions will be taken when deviations are detected. An exception policy is another method for dealing with deviations from the norm.

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Insurance Dictionary: Deviation Policy

Insurance policy that differs from the standard form.

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	Characteristics of mean median mode range variance standard deviation mean absolute deviation? Read answer...
	Give an example of how standard deviation can be useful Also why is underestimating the standard deviation as in the case with the Range Rule Thumb a better method than overestimating? Read answer...
	How standard deviation and Mean deviation differ from each other? Read answer...

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		Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more
		Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more