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.
Space Safety Â» Space Exploration Â» Astronauts and Cosmonauts Â» Mystery of Yuri Gagarinâs Death Solved. First man in space, Yuri Gagarin (left) with fellow cosmonaut Aleksey Leonov, the first man to undertake a spacewalk (Credits: RIA Novosti). Yuri Gagarin became the first man to fly in space on April 12, 1961 when he road Vostok 1 into history.