Ontario Travel Industry Council (TICO):
Regulations, Protections, and Compliance Exam |
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Latest Update 2026
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Practice questions for this set
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Keeping client funds separate from business funds
Choose an answer
1 What does TICO stand for? 2 What is an end supplier?
3 Does TICO register individuals? 4 What is trust accounting?
Don't know?
Terms in this set (83)
, What does TICO stand for? Travel Industry Council of Ontario
What is the role of TICO? Regulates travel agencies and wholesalers in
Ontario
Is TICO government-funded? No — funded by registrants (not taxpayers)
What law does TICO administer? Travel Industry Act, 2002
Does TICO register individuals? No — only travel businesses (agents/wholesalers)
What is TICO's mission? Promote a fair and informed travel marketplace
What is TICO's governance Board of Directors + CEO + staff
structure?
How many Board members does 9 members (since 2023)
TICO have?
Who appoints Board members? Ontario government and industry representatives
What is a registrant? A legally registered travel agent or travel
wholesaler
What is a travel agent? Person or business selling travel services of others
What is a travel wholesaler? Buys travel products to resell through agents
What is an end supplier? Airline, hotel, cruise line, car rental
Regulations, Protections, and Compliance Exam |
Questions with 100% Correct Answers | Verified |
Latest Update 2026
Save
Practice questions for this set
Learn 1 /7 Study using Learn
Keeping client funds separate from business funds
Choose an answer
1 What does TICO stand for? 2 What is an end supplier?
3 Does TICO register individuals? 4 What is trust accounting?
Don't know?
Terms in this set (83)
, What does TICO stand for? Travel Industry Council of Ontario
What is the role of TICO? Regulates travel agencies and wholesalers in
Ontario
Is TICO government-funded? No — funded by registrants (not taxpayers)
What law does TICO administer? Travel Industry Act, 2002
Does TICO register individuals? No — only travel businesses (agents/wholesalers)
What is TICO's mission? Promote a fair and informed travel marketplace
What is TICO's governance Board of Directors + CEO + staff
structure?
How many Board members does 9 members (since 2023)
TICO have?
Who appoints Board members? Ontario government and industry representatives
What is a registrant? A legally registered travel agent or travel
wholesaler
What is a travel agent? Person or business selling travel services of others
What is a travel wholesaler? Buys travel products to resell through agents
What is an end supplier? Airline, hotel, cruise line, car rental
