Tico 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...

Purpose of the travel Industry compensation Fund CORRECT ANSWER to 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 receive compensation from the Fund Travel Industry Compensation Fund Notes CORRECT ANSWER "Compensation Fund" Consumers do not have to live in Ontario to be covered by the Fund...

TICO Practice Test TICO is funded by a. the Ontario government b. consumers c. Ontario registrants d. the Canadian travel industry - c. Ontario registrants TICO works with consumers to ensure that a. they are aware of their rights under the Travel Industry Act, 2002 b. they take their vacations in Ontario c. the travel industry is promoted to consumers d. consumers receive the lowest price from travel agents - a. they are aware of their rights under the Travel Industry Act, 2002 ...

TICO Practice Exam Questions and Answers Graded A+ TICO is funded by a. the Ontario government b. consumers c. Ontario registrants d. the Canadian travel industry c. Ontario registrants TICO works with consumers to ensure that a. they are aware of their rights under the Travel Industry Act, 2002 b. they take their vacations in Ontario c. the travel industry is promoted to consumers d. consumers receive the lowest price from travel agents a. they are aware of their rights under the Tra...

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TICO EXAM ACTUAL EXAM AND PRACTICE EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

TICO EXAM ACTUAL EXAM AND PRACTICE EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

What is the Corporate structure of TICO ? CORRECT ANSWER Non-profit TICO is an authority of which Ontario government? CORRECT ANSWER Ministry of Small business and Consumer Services TICO is financed by? CORRECT ANSWER Registrants Which is NOT a TICO Board Committee? CORRECT ANSWER Investments TICO's key stakeholders are: CORRECT ANSWER Registrants, Consumers, Ontario Government TICO administers the: CORRECT ANSWER The travel Industry Act, 2002 and Ontario Regulation 26/05 How ...

TICO EXAM ACTUAL EXAM AND PRACTICE EXAM QUESTIONS AND CORRECT DETAILED ANSWERS |ALREADY GRADED A+..According to the Travel Industry Act, 2002, a travel retailer does NOT have to inform a customer before booking a) That conditions at the destination may be different from those in Canada b) The total price of the travel services, including all taxes and service charges c) That a counselling fee is applied by the retailer d) That some days can be cloudy, even in a sun destination -