Tico module Study guides, Class notes & Summaries

What problems may result from the acctions/arrangements that travel suppliers make? CORRECT ANSWER Physical Injuries Delays & Cancellations Overbooking Discrimination Lost, Damaged or Stolen Baggage Misrepresentation concerning Transportation, Accommodation, Tours and other services. What 6 mechanisms does Ontario use to protect their customers? CORRECT ANSWER Registration System Posting of Security Compensation Fund Trust Accounting Truth in Advertising Supervision/Educational Req...

representation correct answers a presentation of fact made in person, electronically, or in print in order to induce someone to act or enter into a contract. Examples of representations include: correct answers oral presentations, advertisements, brochures, and websites. Section 31 of the Regulation correct answers Registrants must ensure that any representations made on their behalf comply with the Act and Regulation. Therefore, all registrants must understand what is acceptable under the...

TICO Module 5

TICO Module 4 What are the four main obligations that a registrant must meet after a sale but before the client departs on the trip? ANSWER-invoicing requirements, requirements to inform customers of any changes that might affect their purchase, requirements to verify travel wholesaler documents, requirements for a travel wholesaler to provide travel services Section 38(1) of the Regulation ANSWER-After making a sale, a travel agent must promptly issue the customer a statement, invoice...

What makes up the Fund? - 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? - 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, and the clien...

A+TICO Module 3 Solutions 2023 (100% Correct) representation - ANS-a presentation of fact made in person, electronically, or in print in order to induce someone to act or enter into a contract.

What are the four main obligations that a registrant must meet after a sale but before the client departs on the trip? correct answers invoicing requirements, requirements to inform customers of any changes that might affect their purchase, requirements to verify travel wholesaler documents, requirements for a travel wholesaler to provide travel services Section 38(1) of the Regulation correct answers After making a sale, a travel agent must promptly issue the customer a statement, invoice, o...

Why is travel legislation needed? - ANSWERA 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: - ANSWERdescribes a particular set of rules. A regulation: - ANSWERin support of an Act describes how the rules will be enforced or applied. Does TICO register individuals? - ANSWERNo, TICO does not. What are travel agencie...

TICO Module 5 Test Questions With Complete Solutions 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 compensation from the Fund....

TICO Module 5 Test Questions With All Correct Answers 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...