Special Allowance For Casualty Losses

To sustain a claim for loss under T.C.A. Section 67-3307 a written report of the loss is required to be made to the commissioner of revenue within seventy- two (72) hours of the date of the loss. In addition, a written claim and statement explaining the occurrence of the loss shall be filed with the commissioner within sixty (60) days of the time of loss. To be collectible a loss must be one over which a distributor has no control. Negligence or any unlawful act, such as overloading a transport vehicle, excessive speed or other like act by a distributor or his agent, which is contributory to a loss shall negate the validity of the claim.