Tico module Study guides, Class notes & Summaries

TICO Module 5 A+Solutions 2023 Section 52 of the Regulation -ANS-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 : -ANS-protect consumers who purchase travel services from Ontario-registered retailers.

TICO Module 5 A+ Correct Solutions 2023 Section 52 of the Regulation - ANS-Purpose of the travel Industry compensation Fund

TICO Module 5 A+ Correct Solutions 2023 Section 52 of the Regulation - ANS-Purpose of the travel Industry compensation Fund

TICO Module 1 Exam questions with complete solution June 25, 1997 ANS-The ON government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario. TICO ANS-Travel Industry Council of Ontario TIA ANS-Travel Industry Act Travel Industry Compensation Fund ANS-Refunds (fully or in part) eligible consumers who bought travel services from an Ontario-registered travel agency but did not receive them because of the bankruptcy or insolvency of a registran...

TICO Module 2 Questions and Answers 100% Pass Why is travel legislation needed? 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: describes a particular set of rules. A regulation: in support of an Act describes how the rules will be enforced or applied. Does TICO register individuals? No, TICO does not. What are travel a...

June 25, 1997 - ANSWER-The ON government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario. TICO - ANSWER-Travel Industry Council of Ontario TIA - ANSWER-Travel Industry Act Travel Industry Compensation Fund - ANSWER-Refunds (fully or in part) eligible consumers who bought travel services from an Ontario-registered travel agency but did not receive them because of the bankruptcy or insolvency of a registrant or an airline or cruise line end ...

The Fund is made up of: ANSWER-contributions made by registrants Any money borrowed under this or an earlier Regulation Recoveries of money paid from the Fund; and Income earned on the money in the Fund. Section 72 of the Regulation ANSWER-TICO has the legal right to borrow money to supplement the Fund. Section 70 of the Regulation ANSWER-A registrant is required to reimburse the Fund for any claims paid to the registrant’s customers under certain circumstances

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 provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be eligible to: - Answer- receive co...

TICO Module(s) 1-2 Questions and Answers Rated A+ When was the Travel Industry Act, created? 1974 Government downloaded the responsibility to the Travel industry but still keeps a hand through which Ministry Ministry of Consumer Services What year was TICO created? 1997 TICO reports to the _____ _____ of _____ _____ Provincial Ministry of Consumer Services TICO works with three groups Consumers, Travel Industry, and the Government True or False: TICO is not-for-profit True TICO is financed...