In order for the assignment -regarding a future receivable- of the debtor subject to ordinary debt restructuring agreement to be valid before the definite moratorium is given, the assignment (transfer agreement) must be created before definite moratorium is given pursuant to provision VI of Article 294 of Enforcement and Bank-ruptcy Code. If the agreement on the transfer of the receivable which the debtor contracted before the definite moratorium is about the receivable incurring due to an insurance agreement, it is important to explain the concepts “future” receivable and “emergence of the receivable” in terms of insurance law. It is also important to classify the Articles 1401, 1421 and 1427 of the Turkish Commercial Code under the general principles of the obligations law and to distinguish between the actual debt of the insurer and the time of its emergence and then the due date of the insurer’s debt in terms of provision VI of Article 294 of Enforcement and Bankruptcy Code which is the subject of our study. When the Articles 1401 and 1421 of the Turkish Commercial Code are evaluated together, it is seen that the counter action of the premium payment debt, that is, the debt of the insurer, is to carry the risk and provide protection against it. The payment of insurance indemnity claim is the realization, or in other words, the execution of this protection. The provision that is the subject of this study and is included in the ordinary debt restructuring agreement provisions of the Enforcement and Bankruptcy Code is not about the execution of the debt but it is related to the emergence of the debt.