TICO Travel Industry Laws 3

Question 1

Under Ontario travel law, when must a travel agent's TICO registration be renewed?

Accepted Answer

Annually, on the date specified in the registration certificate

Answer

Every five years, at the agent's discretion

Answer

Only when changing employers or opening a new branch

Answer

Registration is permanent once granted and does not require renewal

Question 2

What is the primary purpose of the Travel Industry Act, 2002?

Accepted Answer

To regulate the registration and conduct of travel agents and wholesalers in Ontario to protect consumers

Answer

To set international airfare pricing standards for Canadian carriers

Answer

To establish licensing requirements for tour guides in Ontario provincial parks

Answer

To regulate the import and export of travel-related goods

Question 3

A travel agency operating in Ontario without TICO registration is:

Accepted Answer

In violation of the Travel Industry Act, 2002 and subject to prosecution

Answer

Permitted to operate if they have federal IATA accreditation

Answer

Exempt if more than 50% of their sales are international flights

Answer

Legal provided they post a bond with the Ontario Ministry of Finance

Question 4

Under the Travel Industry Act, 2002, an individual travel agent employee must:

Accepted Answer

Be individually registered with TICO even if their employer agency is also registered

Answer

Rely solely on their employer agency's registration to legally sell travel

Answer

Obtain a federal transport licence before booking international flights

Answer

Register only if they sell more than $50,000 in travel per year

Question 5

Under what circumstances may a TICO registrant legally accept client funds into their personal bank account rather than a trust account?

Accepted Answer

Never — client funds must always be deposited into a designated trust account

Answer

When the amount is less than $500

Answer

When the client provides written consent to use a personal account

Answer

When travel is scheduled within 30 days of payment

Question 6

Which government ministry is responsible for administering the Travel Industry Act, 2002 in Ontario?

Accepted Answer

The Ministry of Public and Business Service Delivery

Answer

The Ministry of Tourism, Culture and Sport

Answer

The Ministry of Finance

Answer

The Ministry of Transportation