A light-second is the distance light travels in one second, or 7.5 times the distance around Earthâs equator. A light-year is the distance light travels in one year. How far is that? Multiply the number of seconds in one year by the number of miles or kilometers that light travels in one second, and there you have it: one light-year. Itâs about 5.88 trillion miles (9.5 trillion km).
They both have the same licensing requirements required by the State(s) in which they transact business, but the big difference is who they work for. An insurance agent is an insurance companyâs representative and the agentâs primary alliance is with the insurance carrier (company), not the insurance buyer.
A significant difference between title insurance company agents and regular property/casualty agents is that title agents also conduct the settlements or closings, as well as the escrow funds for mortgage payoffs, taxes, closing costs, realtor commissions, etc.n the title insurance business, this is known as a âsimultaneous issue,â and the premium rates charged for the ownerâs policy will be calculated on the difference between the amount of coverage provided to the lender (amount borrowed) and the amount of coverage provided to the owner (purchase price).