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.
What was the first spacecraft in space?   The first man-made vehicle purpose built to reach space was Sputnik 1 launched on an R-7 rocket by the USSR on October 4 1957. Prior to this, a German V2 rocket had reacâ¦hed the arbitrary limit we call 'space' - 62 miles - by mistake.