Practice Test GeeksTICO - Travel Industry Council of Ontario Practice Test
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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

  1. How often must TICO registrants renew their registration to remain in good standing?

    Answer: Annually (once per year)

    TICO registrations must be renewed annually, ensuring that registrants continue to meet ongoing requirements and that TICO's records remain current.

  2. What is the legal consequence of operating as a travel agent in Ontario without a valid TICO registration?

    Answer: The operator is committing an offence under the Travel Industry Act, 2002

    Operating without a valid TICO registration is an offence under the Travel Industry Act, 2002, subject to significant fines and other penalties.

  3. Which individuals associated with a corporate travel agency applicant must personally meet TICO's fit and proper requirements?

    Answer: Directors and officers of the corporation

    Directors and officers of a corporate applicant must meet TICO's fit and proper requirements because they control the direction of the business.

  4. Under what general standard can TICO refuse to grant registration to an applicant?

    Answer: If the applicant is not fit and proper to carry on business as a registrant

    TICO may refuse registration if an applicant is not considered fit and proper to carry on business, a broad standard covering character, financial standing, and competence.

  5. What must a registrant do when there is a material change to information previously submitted to TICO in their registration application?

    Answer: Notify TICO of the change within the required timeframe

    Registrants have an ongoing obligation to notify TICO of material changes to their registration information within the required timeframe, keeping TICO's records accurate.

  6. What is the primary purpose of TICO's fit and proper assessment during the registration process?

    Answer: To determine whether an applicant has the character and competence to protect consumers

    The fit and proper assessment evaluates an applicant's character, financial standing, and competence to ensure they can operate in a manner that protects consumers.

  7. Which statement about TICO registration for travel wholesalers is accurate?

    Answer: Travel wholesalers operating in Ontario must be registered with TICO under the Travel Industry Act, 2002

    Travel wholesalers operating in Ontario must be registered with TICO under the Travel Industry Act, 2002, even if they do not sell directly to consumers.