TICO Registration Requirements 2

Question 1

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

Accepted Answer

Annually (once per year)

Answer

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

Question 2

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

Accepted Answer

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

Answer

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

Question 3

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

Accepted Answer

Directors and officers of the corporation

Answer

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

Question 4

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

Accepted Answer

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

Answer

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.

Question 5

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

Accepted Answer

Notify TICO of the change within the required timeframe

Answer

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

TICO - Travel Industry Council of Ontario Practice Test

TICO - Travel Industry Council of Ontario Practice Test

TICO Registration Requirements 2