insurance dinner

A yearly celebratory dinner, usually held in the evening, where one partner graciously hosts the occasion for their significant other, who serves as the principal policyholder responsible for the relationship's insurance plan.

Friend 1: Hey! Are you free Friday night? A few of us from work are going to the beach to watch fireworks.
Friend 2: Oh no, sorry! I have to take my partner to dinner for our insurance dinner.
Friend 1: Wow. Insurance dinners are a scam.
Friend 2: Yes, they are indeed. See you next time!