Tico module 5 - Study guides, Class notes & Summaries

TICO Module 5 Question and answer 2023 verified Section 52 of the Regulation 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 : 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 ma...

TICO Module 5 Exam 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...

TICO - Module 5 Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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 compe...

Purpose of the travel Industry compensation Fund - 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 - ANSWER-"Compensation Fund" Consumers do not have to live in Ontario to be covered by the Fund. As lon...

Section 52 of the Regulation 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 : protect consumers who purchase travel services from Ontarioregistered 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....

TICO Module 5 Questions And Answers All Correct 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 e...

TICO Module 5 Exam 2023 Questions and Answers

TICO Module 5 2023 latest solution Section 56 of the Regulation - ANSWER-The TICO Board of Directors is responsible for determining whether all or part of a claim is eligible for reimbursement. The Board is also responsible for deciding on the eligible amount of a claim. Section 72 of the Regulation, Administration of the compensation Fund - ANSWER-TICO may borrow money to supplement the Compensation Fund. If the Fund has more money than what it needs to meet TICO's immediate needs, TICO c...