Tico module - Study guides, Class notes & Summaries

Section 52 of the Regulation CORRECT ANSWER Purpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to : CORRECT ANSWER protect consumers who purchase travel services from Ontario-registered retailers. If travel services cannot be provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be eligible to: CORRECT AN...

TICO Module 5 A+ Correct Solutions 2024

TICO Module 5 A+ Correct Solutions 2024

TICO Module 5 A+Solutions

TICO Module 5 A+ Correct Solutions

What makes up the Fund? CORRECT ANSWER Contributions made by registrants Any money borrowed under this or an earlier Regulation Recoveries of money paid from the Fund Income earned on the money in the Fund. What circumstances must the registrant reimburse the Fund for any claims paid to the registrant's client? CORRECT ANSWER Registrant is bankrupt or insolvent or has ceased to carry on business Registrant purchased travel services on the clients behalf, extending credit to the client, a...

Section 52 of the Regulation correct answers Purpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to : correct answers protect consumers who purchase travel services from Ontario-registered retailers. If travel services cannot be provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be eligible to: correct ...

Why is travel legislation needed? CORRECT ANSWER A number of common travel problems can result from the actions or arrangements that travel suppliers make. Travel agents - even if they do not cause the above problems - may have to deal with the fallout from them. An Act: CORRECT ANSWER describes a particular set of rules. A regulation: CORRECT ANSWER in support of an Act describes how the rules will be enforced or applied. Does TICO register individuals? CORRECT ANSWER No, TICO does not...

TICO Module 5 Exam With 100% Correct And Verified Answers 2024

TICO Module 5 Exam Questions and Answers (Graded A) TICO Module 5 Exam Questions and Answers (Graded A) TICO Module 5 Exam Questions and Answers (Graded A) Section 52 of the Regulation - ANSWER-Purpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to : - ANSWER-protect consumers who purchase travel services from Ontario-registered retailers. If travel services cannot be...