Agency Law arises where the Principal's words or conduct reasonably cause the agent to believe that he or she has been authorised to act. Agency by estoppel is created if someone acts as an agent with the consent of the insurer. When Karen Armatrout died in 1997, her employer, Wal-mart, collected thousands of dollars on a life insurance policy the retail giant had taken out without telling her.
Agency Law arises where the Principal's words or conduct reasonably cause the agent to believe that he or she has been authorised to act. Agency by estoppel is created if someone acts as an …