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.
Today in History March 16 1926 History March 16 1926, The first man to give hope to dreams of space travel is American Robert H. Goddard, who successfully launches the worldâs first liquid-fueled rocket at Auburn, Massachusetts, on March 16, 1926.