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.
The company that ends up writing the insurance for a particular customer is the choice of. the agent, and the customer. The choice of company could be determined by the coverage. available, price, services provided to the customer, financial stability, or other factors. The agent is thus positioned to look after the best interests of his customers. Sometimes an agency may need to place insurance for a customer with a company with. whom they do not have a contract. In these cases, the agency will place the insurance. policy through a wholesale or managing general agency who does have a contract with. that company.