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.
Now 87 years of age, Venetia Phair (ne Burney) is the only person in the world who can claim to have named a planet. In 1930, at just 11 years of age, Mrs Phair suggested the title Pluto for the newly discovered ninth planet. On 17 January, the US space agency (Nasa) will launch the first ever space mission to this distant world from Cape Canaveral in Florida.