TICO chapter 6 Exam Questions And Answers 100% Correct

Which item takes precedence over other claims on the travel industry compensation fund? Payments for... a) immediate departure b) trip interruption c) trip completion d) a major event - ANSWERtrip completion Joe Smith purchases a package tour from ABC Agency that includes a return economy flight, the airline end supplier becomes bankrupt during Joe's trip and he is stranded at the destination. He purchases a business class flight home and then makes a claim on the compensation fund for his trip completion expenses. Will his trip completion expense claim be successful? a) yes, because he was forced to make his own arrangements to get home as the Director did not direct payments for trip completion b) no, because trip completion expense claims may only be made when a trip cannot be completed because travel services were not provided as a result of the failure of a registrant c) yes, because the Fund is primarily concerned w/ 'trip completion' and getting stranded Ontarians home d) no, because he purchased a business class flight and he had to obtain services comparable to those originally purchased - ANSWERno, because trip completion expense claims may only be made when a trip cannot be completed because travel services were not provided as a result of the failure of a registrant A consumer whole wishes to make a standard claim on the compensation fund for the travel services paid for but not provided must do so a) any time; there is no limitation b) immediately c) w/in 3 months of the registrant's or end supplier failure d) w/in 6 months of the registrant's end supplier failure - ANSWERd) w/in 6 months of the registrant's end supplier failure if a particular Ontario registered travel agency/website goes bankrupt, what is the max./person eligible claim amount from the compensation fund a) $10,000 b) $3,000 c) $5,000 d) $8,000 - ANSWERc) $5,000 when a consumer's claims against the compensation fund is denied by the TICO Board of directors, they are entitled to a hearing before the licence appeal tribunal as long as they mail or deliver a written request to the registrar and the tribunal within 1