Module 1 for tico 2023 - Study guides, Class notes & Summaries

TICO Module 4 2023 Latest solution What are the 4 main categories of obligations that a registrant must meet after a sale, but before the client departs on the trip? - ANSWER-1.Invoicing Requirements 2. Requirements to inform clients of any changes that might affect their purchase 3. Requirements to verify travel wholesaler documents 4. Requirements for a travel wholesaler to provide travel services. What must be included on all invoices, statements and receipts? - ANSWER-1. Agencies and...

TICO Module 1, 2, and 3 Test Q&A with Correct Answers 2023 Passed In representations is it required to show the price including GST/PST?No *ANS* No, the total amount to be paid for travel services A regulation in support of an Act describes... *ANS* How the rules will be enforced or applied A representation displayed on a billboard or bus board or any other medium with time or space limitation is NOT required to include? *ANS* Registrant's business name, address and registration number...

Module 1 for TICO fully solved 2023 updated to pass Tico - correct answer Is a not for profit corporation that regulates, and is financed by the retail and wholesale travel community On June 25, 1995 - correct answer The government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario What does TICO stands for - correct answer Travel Industry Council of Ontario TICO is also responsible for - correct answer Industry financed Travel Industry Com...

TICO Module #5 correctly answered 2023 updatedWhat makes up the Fund? - correct 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? - correct answer Registrant is bankrupt or insolvent or has ceased to carry on business Registrant purchased travel services on the...

TICO Module #3 question with correct solution 2023 graded A+ passedWhat are the main obligations of a registrant when making representations? - correct answer Written Representations; Registrants Business Name, Business Address, and TICO Registration Number. Oral Representations; Do not have to include the business name, address and or registration number. What 3 ways may prices be shown in all representations? - correct answer 1. As a total price; including all fees, levies, service charge...

TICO Module #4 correctly answered to pass 2023 rated A+ What are the 4 main categories of obligations that a registrant must meet after a sale, but before the client departs on the trip? - correct answer 1.Invoicing Requirements 2. Requirements to inform client's of any changes that might affect their purchase 3. Requirements to verify travel wholesaler documents 4. Requirements for a travel wholesaler to provide travel services. What must be included on all invoices, statements and rece...