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

Module 1 For TICO Questions And Answers Updated

TICO Module(s) 1-2 Questions and Answers Rated A+ When was the Travel Industry Act, created? 1974 Government downloaded the responsibility to the Travel industry but still keeps a hand through which Ministry Ministry of Consumer Services What year was TICO created? 1997 TICO reports to the _____ _____ of _____ _____ Provincial Ministry of Consumer Services TICO works with three groups Consumers, Travel Industry, and the Government True or False: TICO is not-for-profit True TICO is financed...

TICO Module 1 Exam Questions And Answers 2023 Solution 100% Verified Correct June 25, 1997 - CORRECT ANS -The ON government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario. TICO - CORRECT ANS -Travel Industry Council of Ontario TIA - CORRECT ANS -Travel Industry Act Travel Industry Compensation Fund - CORRECT ANS -Refunds (fully or in part) eligible consumers who bought travel services from an Ontario-registered travel agency but di...

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...

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...

Module 1 for TICO 2024

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...