Ontario Travel Industry Council (TICO): -
Complete Exam Study Guide – Complete
Questions with Correct Detailed Answers |
100% Guaranteed Pass | Brand New Version
Prepare with confidence using this brand new and fully updated exam study guide designed
to help students achieve excellent results. This document contains complete exam questions
with correct and detailed answers, carefully organized to help you understand key concepts
and strengthen your exam preparation.
Unlike ordinary study notes, this resource focuses on exam-focused questions and accurate
answers that help you review the most important topics quickly and effectively. Each answer
includes clear explanations to help you understand the reasoning behind the correct response
and reinforce your knowledge.
What This Study Guide Includes
✔ Complete exam questions covering essential topics
✔ Correct answers with detailed explanations
✔ Clear and well-structured format for easy revision
✔ Coverage of commonly tested concepts
✔ Updated and brand new version for effective exam preparation
Why This Study Guide Is Helpful
This guide is designed to help students review faster, understand concepts better, and
improve their exam confidence. Practicing with structured questions and reviewing detailed
answers helps strengthen your understanding and prepares you for the types of questions
commonly seen in exams.
Perfect For
• Final exam preparation
• Midterm reviews
• Self-study and revision
• Strengthening weak subject areas
• Improving academic performance
,Whether you are reviewing weeks before the exam or doing last-minute revision, this guide
provides the structured practice and clear explanations needed to succeed.
A powerful study resource designed to support exam success and boost confidence.
What does TICO stand for? ------- ✔ CORRECT ANSWER ✓✓Travel Industry Council of Ontario
What is the role of TICO? ------- ✔ CORRECT ANSWER ✓✓Regulates travel agencies and
wholesalers in Ontario
Is TICO government-funded? ------- ✔ CORRECT ANSWER ✓✓No — funded by registrants (not
taxpayers)
What law does TICO administer? ------- ✔ CORRECT ANSWER ✓✓Travel Industry Act, 2002
Does TICO register individuals? ------- ✔ CORRECT ANSWER ✓✓No — only travel businesses
(agents/wholesalers)
What is TICO's mission? ------- ✔ CORRECT ANSWER ✓✓Promote a fair and informed travel
marketplace
What is TICO's governance structure? ------- ✔ CORRECT ANSWER ✓✓Board of Directors + CEO
+ staff
How many Board members does TICO have? ------- ✔ CORRECT ANSWER ✓✓9 members (since
2023)
, Who appoints Board members? ------- ✔ CORRECT ANSWER ✓✓Ontario government and
industry representatives
What is a registrant? ------- ✔ CORRECT ANSWER ✓✓A legally registered travel agent or travel
wholesaler
What is a travel agent? ------- ✔ CORRECT ANSWER ✓✓Person or business selling travel services
of others
What is a travel wholesaler? ------- ✔ CORRECT ANSWER ✓✓Buys travel products to resell
through agents
What is an end supplier? ------- ✔ CORRECT ANSWER ✓✓Airline, hotel, cruise line, car rental
Are end suppliers registered with TICO? ------- ✔ CORRECT ANSWER ✓✓No (unless operating as
a registrant)
What is an outside sales rep? ------- ✔ CORRECT ANSWER ✓✓Salesperson away from office
selling on behalf of registrant
Who is responsible for employee actions? ------- ✔ CORRECT ANSWER ✓✓The travel agency
(registrant)
Why was travel legislation created? ------- ✔ CORRECT ANSWER ✓✓To protect consumers in
travel purchases
Which provinces have travel seller legislation? ------- ✔ CORRECT ANSWER ✓✓Ontario, Quebec,
British Columbia
, What are the six consumer protections in travel law? ------- ✔ CORRECT ANSWER
✓✓Registration, security, Compensation Fund, trust accounting, truthful advertising, education
standards
What is the registration requirement? ------- ✔ CORRECT ANSWER ✓✓Illegal to sell travel
without registration
What is the security deposit amount? ------- ✔ CORRECT ANSWER ✓✓$10,000 (registrants must
provide this)
What is the purpose of the security deposit? ------- ✔ CORRECT ANSWER ✓✓Protect consumer
funds if registrant fails
What is trust accounting? ------- ✔ CORRECT ANSWER ✓✓Keeping client funds separate from
business funds
Why is trust accounting important? ------- ✔ CORRECT ANSWER ✓✓Protect client money until
paid to supplier
What is the truth in advertising rule? ------- ✔ CORRECT ANSWER ✓✓No false or misleading
statements
What are the education requirements for travel sellers? ------- ✔ CORRECT ANSWER ✓✓TICO
exam must be written by travel sellers
Who must take the TICO exam? ------- ✔ CORRECT ANSWER ✓✓Anyone selling travel on behalf
of a registrant
Complete Exam Study Guide – Complete
Questions with Correct Detailed Answers |
100% Guaranteed Pass | Brand New Version
Prepare with confidence using this brand new and fully updated exam study guide designed
to help students achieve excellent results. This document contains complete exam questions
with correct and detailed answers, carefully organized to help you understand key concepts
and strengthen your exam preparation.
Unlike ordinary study notes, this resource focuses on exam-focused questions and accurate
answers that help you review the most important topics quickly and effectively. Each answer
includes clear explanations to help you understand the reasoning behind the correct response
and reinforce your knowledge.
What This Study Guide Includes
✔ Complete exam questions covering essential topics
✔ Correct answers with detailed explanations
✔ Clear and well-structured format for easy revision
✔ Coverage of commonly tested concepts
✔ Updated and brand new version for effective exam preparation
Why This Study Guide Is Helpful
This guide is designed to help students review faster, understand concepts better, and
improve their exam confidence. Practicing with structured questions and reviewing detailed
answers helps strengthen your understanding and prepares you for the types of questions
commonly seen in exams.
Perfect For
• Final exam preparation
• Midterm reviews
• Self-study and revision
• Strengthening weak subject areas
• Improving academic performance
,Whether you are reviewing weeks before the exam or doing last-minute revision, this guide
provides the structured practice and clear explanations needed to succeed.
A powerful study resource designed to support exam success and boost confidence.
What does TICO stand for? ------- ✔ CORRECT ANSWER ✓✓Travel Industry Council of Ontario
What is the role of TICO? ------- ✔ CORRECT ANSWER ✓✓Regulates travel agencies and
wholesalers in Ontario
Is TICO government-funded? ------- ✔ CORRECT ANSWER ✓✓No — funded by registrants (not
taxpayers)
What law does TICO administer? ------- ✔ CORRECT ANSWER ✓✓Travel Industry Act, 2002
Does TICO register individuals? ------- ✔ CORRECT ANSWER ✓✓No — only travel businesses
(agents/wholesalers)
What is TICO's mission? ------- ✔ CORRECT ANSWER ✓✓Promote a fair and informed travel
marketplace
What is TICO's governance structure? ------- ✔ CORRECT ANSWER ✓✓Board of Directors + CEO
+ staff
How many Board members does TICO have? ------- ✔ CORRECT ANSWER ✓✓9 members (since
2023)
, Who appoints Board members? ------- ✔ CORRECT ANSWER ✓✓Ontario government and
industry representatives
What is a registrant? ------- ✔ CORRECT ANSWER ✓✓A legally registered travel agent or travel
wholesaler
What is a travel agent? ------- ✔ CORRECT ANSWER ✓✓Person or business selling travel services
of others
What is a travel wholesaler? ------- ✔ CORRECT ANSWER ✓✓Buys travel products to resell
through agents
What is an end supplier? ------- ✔ CORRECT ANSWER ✓✓Airline, hotel, cruise line, car rental
Are end suppliers registered with TICO? ------- ✔ CORRECT ANSWER ✓✓No (unless operating as
a registrant)
What is an outside sales rep? ------- ✔ CORRECT ANSWER ✓✓Salesperson away from office
selling on behalf of registrant
Who is responsible for employee actions? ------- ✔ CORRECT ANSWER ✓✓The travel agency
(registrant)
Why was travel legislation created? ------- ✔ CORRECT ANSWER ✓✓To protect consumers in
travel purchases
Which provinces have travel seller legislation? ------- ✔ CORRECT ANSWER ✓✓Ontario, Quebec,
British Columbia
, What are the six consumer protections in travel law? ------- ✔ CORRECT ANSWER
✓✓Registration, security, Compensation Fund, trust accounting, truthful advertising, education
standards
What is the registration requirement? ------- ✔ CORRECT ANSWER ✓✓Illegal to sell travel
without registration
What is the security deposit amount? ------- ✔ CORRECT ANSWER ✓✓$10,000 (registrants must
provide this)
What is the purpose of the security deposit? ------- ✔ CORRECT ANSWER ✓✓Protect consumer
funds if registrant fails
What is trust accounting? ------- ✔ CORRECT ANSWER ✓✓Keeping client funds separate from
business funds
Why is trust accounting important? ------- ✔ CORRECT ANSWER ✓✓Protect client money until
paid to supplier
What is the truth in advertising rule? ------- ✔ CORRECT ANSWER ✓✓No false or misleading
statements
What are the education requirements for travel sellers? ------- ✔ CORRECT ANSWER ✓✓TICO
exam must be written by travel sellers
Who must take the TICO exam? ------- ✔ CORRECT ANSWER ✓✓Anyone selling travel on behalf
of a registrant
