TICO Exam

Question 1

The Travel Industry Compensation Fund applies to

Manitoba consumers who purchase travel from an Ontario travel agency Ontario consumers who purchase travel from any travel agency in Canada Ontario consumers who travel exclusively in Ontario Manitoba consumers who purchase from a local agency that has a branch agency in Ontario

Correct Answer:

Manitoba consumers who purchase travel from an Ontario travel agency

Question 2

According to the Travel Industry Act, 2002, a travel agent does NOT have to inform a client before booking

the total price of the travel services, including all taxes and service charges that some days can be cloudy, even in a sun destination that conditions at the destination may be different from those in Canada that a counselling fee is applied by the agent

Correct Answer:

that some days can be cloudy, even in a sun destination

Question 3

A client buys a vacation package from ABC Tours on May 1. The departure date is June 15. ABC Tours pays the travel wholesaler on May 8. On which date must the travel wholesaler produce the tickets, vouchers, itinerary, and other related documents for the travel agent?

May 22 (14 days after payment is received) June 8 (7 days before departure) May 24 (21 days before departure) June 1 (14 days before departure)

Correct Answer:

June 1 (14 days before departure)

Question 4

The amount of working capital required by a travel agency is based on which of the following?

the agency's sales in Ontario during the previous fiscal year the number of bookings the agency made during the previous fiscal year the length of time the agency has been in business the number of employees the agency has

Correct Answer:

the agency's sales in Ontario during the previous fiscal year

Question 5

Which of the following statements is NOT TRUE, when it comes to describing TICO's role in attempting to resolve disputes between consumers and registrants?

TICO will hear complaints between a consumer and an unregistered travel agent. TICO staff will review the complaint against the requirements of the Act and Regulation to determine if the registrant met their obligations. A complainant must fill out a complaint form and include information and supporting documents. TICO has the authority to impose a settlement in a dispute.

Correct Answer:

TICO has the authority to impose a settlement in a dispute.

Exam overview

About this Exam

Prepare with the TICO Exam practice quiz. This question bank includes 25 questions covering travel, agency, tico, stand, and ontario. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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TICO Exam

This practice set contains 25 questions from the matching question bank and focuses on travel, agency, tico, stand, and ontario. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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TICO Exam

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