Module 1 for TICO questions and answers

Tico - correct answers Is a not for profit corporation that regulates, and is financed by the retail and wholesale travel community On June 25, 1995 - correct answers The government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario What does TICO stands for - correct answers Travel Industry Council of Ontario TICO is also responsible for - correct answers Industry financed Travel Industry Compensation Fund. The act governs travel retailers and wholesales registered in Ontario. Travel Industry Act - correct answers Was found in 2002 End supplier - correct answers A person that operates a travel service for which they have ownership. TICO is required by the ministry to? - correct answers Submit an annual report and annual business plan The provincial ministry of Consumer service is responsible for? - correct answers Consumer legislation in Ontario, including the Travel Industry Act, 2002 TICO is managed by? - correct answers A Board of Directors and a Chief Executive Officer(CEO). The board represents 15 members, 10 representatives from the travel industry, and 5 individuals appointed by the ministry to represent cosumers, business and the government. There are currently 10 Board committees TICO's mission is to? - correct answers Promote a fair and informed marketplace where consumers can be confident in their travel purchases. TICO's primary responsibilities are to - correct answers Administer the Travel Industry Act, 2002 and ensures that registrants follow the rules so that consumers are protected and can be confident in their travel purchases. TICO works with three groups to carry out its mandate. What are the three groups? - correct answers consumers, the travel industry, and the government. Registrant - correct answers A travel agent or travel wholesaler who is registered as a travel agent, travel wholesaler or both under the Travel Industry Act 2002. TICO is funded by? - correct answers Ontario registrants TICO works with consumers to ensure that - correct answers They are aware of their rights under the Travel Industry Act 2002 TICO enhances industry professionalism in many ways, including? - correct answers Maintaining an informative up to date website