Reliable Insurance Company employs Stuart as an agent. To terminate Stuart's authority, Reliable Insurance must notify

Question

Reliable Insurance Company employs Stuart as an agent. To terminate Stuart's authority, Reliable Insurance must notify​

Quizplus · Accepted Answer

Reliable Insurance must notify both Stuart and any third parties who are aware of the agency relationship of the termination of Stuart's authority. Notifying only Stuart or only third parties who are aware of the agency relationship may not be enough to legally terminate the agency relationship. The public generally does not need to be notified.

Reliable Insurance Company Employs Stuart as an Agent