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v and Answers (Verified Answers) 2026\2027
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UPDATE
1. What is the Corporate structure of TICO ?
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: Non-profit
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2. TICO is an authority of which Ontario government?
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: Ministry of Small busi-ness and Consumer Services
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3. TICO is financed by?
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: Registrants
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4. Which is NOT a TICO Board Committee?
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: Investments
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5. TICO's key stakeholders are: v v v
: Registrants, Consumers, Ontario Government
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6. TICO administers the:
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: The travel Industry Act, 2002 and Ontario Regulation26/05
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, 7. How many provinces have travel legislation?
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8. A condition for a new TICO registration for a travel agency is
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: Security depositof 10,000
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9. What type of accounting must TICO travel agencies implement ?
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: Trustaccounting
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10. Which consumer is protected byTICO regulations v v v v v v
: Any consumer who buystravel from a TICO registered travel agency
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11. A written representation may exclude theTICO registration number
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: If thereare time and space limitations
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12. Which is not an acceptable price representation v v v v v v
: total prices less all taxesand charges
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13. Which type of insurance must always be offered? v v v v v v v
: Trip cancellation insur-ance
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14. What fact about accommodation must be disclosedv v v v v v
: Standards not alwaysthe same as in Canada
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15. what advertising is considered to be misleading,TICO may
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: All of the above
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