The only exception to the rule that says that either the principal or the agent may terminate an agency relationship at any time arises in the situation of death or incapacity of the agent.
What is agent?
The term agent refers to employed of the agency to represent the client for sale the polices. The agent belongs to the service sector. The agent role play as mediator to the agency and client.
The agent is terminating the agency relationship in case of various circumstances such as death of agent, withdrawal of party, not trustworthy, renunciation by Agent, and not mutual consent.
As a result, the situation of the death or incapacity of agent are terminating the principle.
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