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.
Satellite Quiz: How Well Do You Know What's Orbitin... 1  The space age dawned with the launch of Sputnik 1, Earth's first artificial satellite, in 1957. Thousands of additional spacecraft have followed in Sputnik's footsteps, serving humanity in a variety of ways.