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TICO EXAM NEWEST 2026/2027/TICO PRACTICE
EXAM NEWEST 2026/2027 ACTUAL VERIFIED EXAM
150 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |A+
GRADED||NEWEST EXAM!!
What is the purpose of the Advisory Committee?
• Individuals representing various consumer interests that
give TICO input and a consumer perspective on issues
• TICO uses it to advise consumers
• Committee that advises TICO on when payments are
appropriate
• Committee that regulates use of the Compensation Fund
- ANSWER-• Individuals representing various consumer
interests that give TICO input and a consumer perspective
on issues (correct answer)
There are how many Board Committee for TICO?
• 10
• 15
• 12
• 5 - ANSWER-• 10 (correct answer)
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Who is registered if an Agency in Mississauga employs a
manager and 2 travel agents?
• Only the manager
• Only the agency is registered
• Only the two travel agents
• The manager and both travel agents - ANSWER-• Only
the agency is registered (correct answer)
Do end suppliers need to be registered with TICO?
• Yes
• Only if they also act as a travel agent
• No
• Only if they are located in Ontario - ANSWER-• Only if
they also act as a travel agent (correct answer)
Who is a registrant?
• Appointed by the Board of Directors to run its
administrative and regulatory duties
• Travel agent and travel wholesaler who is registered as a
travel agent or wholesaler under the Travel Industry Act
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• The consumer purchasing travel
• Travel Agents - ANSWER-• Travel agent and travel
wholesaler who is registered as a travel agent or
wholesaler under the Travel Industry Act (correct answer)
What is a Trust Account?
• An account where consumer payment are deposited and
the money is to be used to pay for travel purchases for the
consumer
• An open account with at least $10,000 in it
• An account only the government can access
• An account that is trusted to contain the correct amount
of money - ANSWER-• An account where consumer
payment are deposited and the money is to be used to
pay for travel purchases for the consumer (correct answer)
Which is either to change, a Regulation or an Act?
• Regulation
• Act
• Both are easy
• Neither can be changed - ANSWER-• Regulation (correct
answer)
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Who does TICO regulate and Finance?
• Travel agents and consumers
• Expedia
• The retail and wholesale community
• Consumers purchasing travel services - ANSWER-• The
retail and wholesale community (correct answer)
GoGo Travel Agency orders airline tickets from Great
Holidays. Jane Johnson purchased a return flight
overseas from GoGo Travel Agency. The airline ticket
counter agent noted that Jane's passport read Jane
Johnson but the name on the reservation was for Joan
Johnson. The airline agent refuses Jane to board the
plane. Who is responsible?
• Great Holidays, as they are the ones who misspelled the
name first
• Jane Johnson, should have verified all her documents
and reservations were correct with her name
• The travel agent at GoGo Travel Agency should have
verified all information was correct before sending it to Ms
Johnson
• The airline ticket agent, as the name is obviously a typo -
ANSWER-• The travel agent at GoGo Travel Agency
TICO EXAM NEWEST 2026/2027/TICO PRACTICE
EXAM NEWEST 2026/2027 ACTUAL VERIFIED EXAM
150 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |A+
GRADED||NEWEST EXAM!!
What is the purpose of the Advisory Committee?
• Individuals representing various consumer interests that
give TICO input and a consumer perspective on issues
• TICO uses it to advise consumers
• Committee that advises TICO on when payments are
appropriate
• Committee that regulates use of the Compensation Fund
- ANSWER-• Individuals representing various consumer
interests that give TICO input and a consumer perspective
on issues (correct answer)
There are how many Board Committee for TICO?
• 10
• 15
• 12
• 5 - ANSWER-• 10 (correct answer)
,2|Page
Who is registered if an Agency in Mississauga employs a
manager and 2 travel agents?
• Only the manager
• Only the agency is registered
• Only the two travel agents
• The manager and both travel agents - ANSWER-• Only
the agency is registered (correct answer)
Do end suppliers need to be registered with TICO?
• Yes
• Only if they also act as a travel agent
• No
• Only if they are located in Ontario - ANSWER-• Only if
they also act as a travel agent (correct answer)
Who is a registrant?
• Appointed by the Board of Directors to run its
administrative and regulatory duties
• Travel agent and travel wholesaler who is registered as a
travel agent or wholesaler under the Travel Industry Act
,3|Page
• The consumer purchasing travel
• Travel Agents - ANSWER-• Travel agent and travel
wholesaler who is registered as a travel agent or
wholesaler under the Travel Industry Act (correct answer)
What is a Trust Account?
• An account where consumer payment are deposited and
the money is to be used to pay for travel purchases for the
consumer
• An open account with at least $10,000 in it
• An account only the government can access
• An account that is trusted to contain the correct amount
of money - ANSWER-• An account where consumer
payment are deposited and the money is to be used to
pay for travel purchases for the consumer (correct answer)
Which is either to change, a Regulation or an Act?
• Regulation
• Act
• Both are easy
• Neither can be changed - ANSWER-• Regulation (correct
answer)
, 4|Page
Who does TICO regulate and Finance?
• Travel agents and consumers
• Expedia
• The retail and wholesale community
• Consumers purchasing travel services - ANSWER-• The
retail and wholesale community (correct answer)
GoGo Travel Agency orders airline tickets from Great
Holidays. Jane Johnson purchased a return flight
overseas from GoGo Travel Agency. The airline ticket
counter agent noted that Jane's passport read Jane
Johnson but the name on the reservation was for Joan
Johnson. The airline agent refuses Jane to board the
plane. Who is responsible?
• Great Holidays, as they are the ones who misspelled the
name first
• Jane Johnson, should have verified all her documents
and reservations were correct with her name
• The travel agent at GoGo Travel Agency should have
verified all information was correct before sending it to Ms
Johnson
• The airline ticket agent, as the name is obviously a typo -
ANSWER-• The travel agent at GoGo Travel Agency
