Tico module 3 correct Study guides, Class notes & Summaries

Module 3 TICO question with 100% correct answers rated A+ 2023Representation - correct answer Is a presentation of fact made in person electronically or in print in order to induce someone to act or enter into a contract. Prices must reflect the total amount to be paid for the travel services. This amount can be shown in three ways. - correct answer Total price, including all fees, levies, service charges, and surcharges. A base price plus a total for all fees, levies, service charge or s...

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...

TICO Module 3 Exam Questions With Complete Solution Representation - CORRECT ANSWER 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 ANSWER oral presentations, advertisements, brochures, and websites. Section 31 of the Regulation - CORRECT ANSWER Registrants must ensure that any representations made on their behalf comply with the Act and Regulation....

TICO Module #5 Questions With complete Solution What 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 se...

Module 2 TICO Ontario travel industry act 2002, sets down the rules? - Correct answer-Under which travel retailers and travel wholesalers must operate in Ontario Ontario Regulation 26/05 - Correct answer-Sets out the procedural rules for registration and outlines registration procedures Quebec's Travel Agents Act was enacted in? - Correct answer-1974 Ontario's Travel industry act was established in? - Correct answer-1974 British Columbia's Travel Agents Registration Act was enacted in?...