Tico responsibilities - Study guides, Class notes & Summaries

What 2 reports must TICO submit? CORRECT ANSWER 1) Annual Report 2) annual Business Report What are the 3 main groups of TICO? CORRECT ANSWER Government, travel industry and consumers What is the board responsible for? CORRECT ANSWER 1) overseeing the general operations of TICO 2) hiring the CEO Registrant CORRECT ANSWER travel agent/wholesaler who is registered as one or the other OR BOTH What are TICO's main responsibilities? CORRECT ANSWER -administer the Travel Industry Act, 2...

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 General Questions Modules 1-5 (MERGED) and Answers 2023-2024 Verified by Expert. TICO General Questions Modules 1 & 2 1. What is TICO? Answer: Travel Industry Council of Ontario. 2. Which Ontario Provincial Ministry is currently responsible for consumer legislation in Ontario, including the "Travel Industry Act, 2002"? Answer: The Ministry of Consumer Services. 3. How is TICO managed? Answer: TICO is managed by a Board of Directors and a Chief Executive Officer (CEO). 4. How many m...

TICO General Questions Modules 1-5 (MERGED) and Answers 2023-2024 Verified by Expert. TICO General Questions Modules 1 & 2 1. What is TICO? Answer: Travel Industry Council of Ontario. 2. Which Ontario Provincial Ministry is currently responsible for consumer legislation in Ontario, including the "Travel Industry Act, 2002"? Answer: The Ministry of Consumer Services. 3. How is TICO managed? Answer: TICO is managed by a Board of Directors and a Chief Executive Officer (CEO). 4. How many m...

TICO General Questions Modules 1-5 (MERGED) and Answers 2023-2024 Verified by Expert. TICO General Questions Modules 1 & 2 1. What is TICO? Answer: Travel Industry Council of Ontario. 2. Which Ontario Provincial Ministry is currently responsible for consumer legislation in Ontario, including the "Travel Industry Act, 2002"? Answer: The Ministry of Consumer Services. 3. How is TICO managed? Answer: TICO is managed by a Board of Directors and a Chief Executive Officer (CEO). 4. How many m...

Module 1 for TICO (2022/2023) Graded A+ Tico Is a not for profit corporation that regulates, and is financed by the retail and wholesale travel community On June 25, 1995 The government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario What does TICO stands for Travel Industry Council of Ontario TICO is also responsible for Industry financed Travel Industry Compensation Fund. The act governs travel retailers and wholesales registered in Ontario....

Module 1 for TICO Test with all solutions correct Tico On June 25, 1995 What does TICO stands for TICO is also responsible for Travel Industry Act End supplier. TICO is required by the ministry to? The provincial ministry of Consumer service is responsible for? TICO is managed by? TICO's mission is to? TICO's primary responsibilities are to TICO works with three groups to carry out its mandate. What are the three groups?. Registrant TICO is funded by? TICO wo...

TICO is required by the ministry to submit what - ANSWER-An annual report and A annual business plan Theses are part of TICOS Financial Position TICO is managed by a board of directors and a CEO what are they responsible for ? - ANSWER-* The board is responsible for overseeing the general operations of TICO and for hiring the CEO * The CEO manages the financial and operational affairs of TICO What is TICOS mission statement ? - ANSWER-To promote a fair an informed marketplace where co...

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...

TICO's Role in the Travel Industry Module 1 Latest 2023 Graded A+ TICO is a not-for-profit corporation that regulates, and is financed by, the retail and wholesale travel community. The Travel Industry Compensation Fund (or, simply, Compensation Fund) 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 supplier. 1 Busin...