Fishback v. Jensen

LEE, C. J. —

H. 0. Fishback, as Insurance Commissioner of the State of Washington, liquidating the business of the Automobile Insurance Exchange, plaintiff and appellant, sued defendant and respondent, J. H. Jensen, a member of said Exchange, to recover an assessment levied for defendant’s pro rata liability of the Exchange’s general indebtedness. The Exchange, a mutual company, had been incorporated in the State of Washington, under the laws thereof (sec. 7131, Rem. Comp. Stats.), providing that all the members of such companies shall be insurers each with the other, “and each shall be…