Travel Industry Act, 2002 Flashcards
6 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 6 Travel Industry Act, 2002 flashcards as text
Under the Travel Industry Act, 2002, which of the following businesses is required to be registered as a travel wholesaler?
Answer: A company that creates and sells vacation packages in Ontario to retail travel agents for resale to consumers
A company that creates packages and sells them to retail agents for resale must register as a travel wholesaler under the Travel Industry Act, 2002.
The Travel Industry Act, 2002 defines 'travel services' as including which of the following?
Answer: Passenger transportation, accommodation, vehicle rentals, and tours sold as part of a travel-related transaction
The Act's definition of travel services is broad and includes transportation, accommodation, vehicle rentals, and tour services when sold by a registrant.
Under the Travel Industry Act, 2002, what is the key element of the 'travel agent' definition that triggers the registration requirement?
Answer: Selling travel services 'to the public' for compensation, as opposed to personal arrangements or government work
The key trigger for TICO registration is selling travel services 'to the public' for compensation. Personal travel arrangements and government travel coordination do not trigger the requirement.
The Travel Industry Act, 2002 grants the TICO Registrar the power to appoint a receiver-manager for a travel agency under which circumstances?
Answer: When the registrant is in financial difficulty and there is a risk that consumer funds are at risk
The Registrar can appoint a receiver-manager when a registrant is in financial difficulty and consumer funds are at risk, without requiring a court order.
The Travel Industry Act, 2002 requires registrants to carry Errors and Omissions (E&O) insurance. What is the primary purpose of this insurance?
Answer: To protect consumers from financial losses arising from mistakes or negligence by the travel agent
E&O insurance protects consumers and clients from financial losses caused by the agent's professional errors or negligence.
Which of the following is an example of 'carrying on business as a travel agent' that triggers the TICO registration requirement?
Answer: A person who operates a website allowing Ontario consumers to search and book travel packages for a booking fee
Operating a website that sells travel packages to Ontario consumers for a booking fee constitutes carrying on business as a travel agent and requires TICO registration.