TICO Module 1 Exam Questions with Complete Solutions

TICO Module 1 Exam Questions with
Complete Solutions4

Ontario Travel Industry Act - ANSWERS-Sets down the rules under which travel retailers and
travel wholesalers must operate in Ontario



Ontario Regulation 26/05 - ANSWERS-Sets out the requirements for how the rules will be
enforced



Ministry of Consumer Services - ANSWERS-Provincial Government Body responsible for the
Travel Industry Act and Ontario Regulations 26/05

The Ministry delegated responsibility for administering the TIA, 2002 to TICO, and holds TICO
accountable for correctly performing this function



TICO - ANSWERS-Travel Industry Council of Ontario

A not-for-profit corporation that regulates and is financed by the retail and wholesale travel
communities

Financed entirely from the registration fees of travel agencies and travel wholesalers registered
in Ontario



TICO mission - ANSWERS-To promote a fair and informed marketplace where consumers can be
confident in their travel purchases



TICO Vision - ANSWERS-To be a progressive regulator advancing consumer protection, ethical
business practices and a trusted market place where consumers are confident purchasing travel
from registered professionals