19 Wash. 486 | Wash. | 1898
The opinion of the court was delivered hy
The state treasurer is the relator and the-respondent is judge of the superior court of Thurston county. The petition states that, under the law of the-state, insurance companies foreign to this jurisdiction are-required to deposit with the state treasurer collateral securities in the sum of $50,000 for the protection of policy holders of the state, and that the relator had in his possession, on the 17th day of January, 1897, certain collateral securities deposited with him hy the State Insurance Com
The cause involves the right of the state treasurer to compensation in a proceeding by a policy holder of an insolvent insurance company of another state, under Laws 1897, p. 53. A trust was created by § 11 of the insurance law of 1890 (Laws 1889-90, p. 345), which is re-enacted as § 15 of the insurance act of 1895 (Laws 1895, p. 157 Bal. Code, § 2819), which declares that the state treasurer shall receive certain securities from foreign insurance companies and hold them in trust for the policy holders. Section 17 of the act of 1895 (Bal. Code, § 2821) directs when the securities may be delivered to the insurance company. This trust having been imposed by law upon the treasurer it became his duty to administer the same in the interest of the policy holders. The act approved March 6, 1897 (Laws 1897, p. 53), provides a convenient forum where the policy holder may institute an action for the administration of the trust and dispose of the securities and assets of a foreign insurance corporation for the benefit of the beneficiaries of the trust, and that the trust shall be administered and the securities and assets distributed by the state treasurer under the direction of the court. The duties of the trust had been imposed upon the treasurer by the legislation of 1890 and 1895, supra. The act of 1897 merely specifies the method of its administration. Section 19, art. 3 of the constitution declares that the state treasurer shall perform such duties as shall be prescribed by law, and for compensation shall receive an annual salary which may be increased by the legislature but shall never exceed $4,000 per annum. Section 25 of art. 2 of the constitution declares: “Nor shall the com
It is true two distinct public offices may be held by the same person where the duties are not inconsistent. There •does not seem to be any inconsistency between the duties imposed by the legislation relating to insurance companies •and the other duties of the state treasurer imposed by law. If this be true, he must discharge those duties, and those required in relation to insurance are merely additional duties and as such additional duties he is required by the constitution and statutes to perform them. Ho compensation has been provided for such additional services and it would seem that if they are merely additional services of the treasurer, compensation for them might
The wilt is denied.
Scott, C. J., and Dunbar and Gordon, J.J., concur.