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.
The space age began on October 4, 1957 with the launch of the first artificial satellite, Sputnik 1. This tiny spacecraft lasted only three months in orbit, finally burning up in the Earthâs atmosphere. Following in these historic footsteps, many more spacecraft have been sent into Earthâs orbit, around the Moon, the Sun, the other [â¦]