Module 1 for TICO | Questions with 100 % correct Answers | verified

Tico - Is a not for profit corporation that regulates, and is financed by the retail and wholesale travel community On June 25, 1995 - The government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario What does TICO stands for - Travel Industry Council of Ontario TICO is also responsible for - Industry financed Travel Industry Compensation Fund. The act governs travel retailers and wholesales registered in Ontario. Travel Industry Act - Was found in 2002 End supplier - A person that operates a travel service for which they have ownership. TICO is required by the ministry to? - Submit an annual report and annual business plan The provincial ministry of Consumer service is responsible for? - Consumer legislation in Ontario, including the Travel Industry Act, 2002 TICO is managed by? - 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? - Promote a fair and informed marketplace where consumers can be confident in their travel purchases