Registration Requirements Flashcards
7 cards from real TICO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Registration Requirements flashcards as text
Under the Travel Industry Act, 2002, who is required to be registered with TICO to sell travel services in Ontario?
Answer: Any person or business that sells travel services to Ontario consumers
The Travel Industry Act, 2002 requires any person or entity selling travel services to Ontario consumers to be registered with TICO, regardless of business size or type.
Which of the following is a category of registrant recognized under TICO?
Answer: Travel wholesaler
TICO registers travel agents and travel wholesalers under the Travel Industry Act, 2002; travel insurers are regulated under separate legislation.
What education requirement must individuals working as travel agents in Ontario fulfil under TICO standards?
Answer: Completion of the TICO Education Standards exam
TICO requires individuals selling travel services to complete the TICO Education Standards exam, ensuring baseline knowledge of consumer protection obligations.
If a travel agency operates three branch locations in Ontario, how must those locations be registered with TICO?
Answer: Each branch location must hold its own separate TICO registration
Each branch location of a travel agency must be separately registered with TICO, as registration is location-specific.
Can a travel agent based in another Canadian province sell travel services to Ontario consumers without registering with TICO?
Answer: No, they must register with TICO if selling to Ontario consumers
TICO's jurisdiction is based on where the consumer is located, not where the seller operates, so out-of-province agents serving Ontario consumers must register with TICO.
What type of insurance are travel agents registered with TICO required to carry?
Answer: Errors and omissions (E&O) insurance
TICO requires registered travel agents to carry errors and omissions (E&O) insurance to protect consumers in the event of professional errors or omissions.
What financial requirement must a travel agent applicant demonstrate to obtain TICO registration?
Answer: Adequate financial resources to operate as a travel agent
Applicants must demonstrate they have adequate financial resources to carry on business as a travel agent, supporting consumer protection obligations.