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.
A+E Networks. The Soviet Union inaugurates the âSpace Ageâ with its launch of Sputnik, the worldâs first artificial satellite. The spacecraft, named Sputnik after the Russian word for âsatellite,â was launched at 10:29 p.m. Moscow time from the Tyuratam launch base in the Kazakh Republic. Sputnik had a diameter of 22 inches and weighed 184 pounds and circled Earth once every hour and 36 minutes.