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).
An insurance carrier such as; Travelers, Metlife, State Farm, Safeco, are where the company actual creates and manages the insurance products that they would like to sell. They control the underwriting, claims, pricing, and the overall guidance of the company. Letâs look at an example for each of these. If you were to buy an Ipad from Wal-Mart, then Wal-Mart would be the insurance agency and Apple would be the insurance carrier. Thus, Apple manufactures and creates the Ipad and Wal-Mart is where you buy them from but they also offer many other similar products to the Ipad.
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.