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.
US Mission Geneva. NASA Remembers First U.S. Manned Space Flight. On May 5, 1961, mercury astronaut, Alan B. Shepard , Jr. became the first American launched into space at 9:34a.m. EST aboard the Freedom 7 capsule. Washington â Americaâs national space agency is marking the 50th anniversary of the United Statesâ entry into manned space flight May 5.