That portion of a policy's premium that applies to the expired portion of the policy. Although insurance premiums are often paid in advance, insurers typically earn the premium at an even rate throughout the policy term. More Risk Finance and Captives Information from IRMI.
Explorer 1 became the first successfully launched satellite by the United States when it was sent to space on January 31, 1958. A quick response to the Soviet Union's launch of Sputnik 1, Explorer 1's success marked the beginning of the U.S. Space Age.
John Glenn, the first American astronaut to orbit the Earth, went on to serve in the U.S. Senate and returned to space later in life But a more serious problem soon developed. Telemetry from Friendship 7 indicated the capsuleâs heat shield and a compressed shock-absorbing landing bag were no longer firmly locked in place at the base of the spacecraft.