My answer will be,
Year 2007 entry :
debit insurance
credit accruals accounts.

when the company debited the cheque, the new entry will be:
credit bank
debit the accruals accounts

As simple as that!!

Anyway , please check with the insurance company what is going on because i believe you need to re-issue a new cheque for replacement since the validity of the cheque is only 6 mths (Not sure in qatar)..

All the best..