TICO Travel Industry Laws 2

Question 1

Under the Travel Industry Act, 2002, which individual is required to be registered with TICO?

Accepted Answer

A person who sells travel services to the public from an Ontario office for compensation

Answer

Any person or business that sells travel services to the public in Ontario for compensation must be registered with TICO under the Travel Industry Act, 2002.

Question 2

What is the maximum administrative penalty TICO can impose on a registrant for a single contravention under the Travel Industry Act, 2002?

Accepted Answer

$100,000

Answer

Under the Travel Industry Act, 2002, TICO can impose administrative penalties of up to $100,000 per contravention on registrants.

Question 3

Under the Travel Industry Act, 2002, who has the authority to revoke the registration of a travel agent or wholesaler?

Accepted Answer

The Registrar of TICO

Answer

The Registrar of TICO has the authority to suspend or revoke the registration of a travel agent or wholesaler for non-compliance with the Act.

Question 4

The Travel Industry Act, 2002 requires registrants to hold client funds in which type of account prior to the completion of travel?

Accepted Answer

A designated trust account separate from operating funds

Answer

Registrants must hold client money in a designated trust account, separate from their own operating funds, until travel is completed or the money is paid to the supplier.

Question 5

Which of the following is a prohibited trade practice under Ontario's travel industry legislation?

Accepted Answer

Charging a client a service fee without prior written disclosure

Answer

Charging undisclosed fees is a prohibited practice. All service fees must be disclosed to the client in writing before the booking is confirmed.

TICO - Travel Industry Council of Ontario Practice Test

TICO - Travel Industry Council of Ontario Practice Test

TICO Travel Industry Laws 2