TICO EXAM|VERIFIED QUESTIONS AND CORRECT DETAILED ANSWERS|RATED
AND GRADED A+ NEW UPDATE| 2026/2027.
Tico - ANSWER✔ Is a not for profit corporation that regulates, and is financed by the retail and
wholesale travel community
On June 25, 1995 - ANSWER✔ The government delegated the administration of the Travel Industry
Act to the Travel Industry Council of Ontario
What does TICO stands for - ANSWER✔ Travel Industry Council of Ontario
TICO is also responsible for - ANSWER✔ Industry financed Travel Industry Compensation Fund. The
act governs travel retailers and wholesales registered in Ontario.
Travel Industry Act - ANSWER✔ Was found in 2002
End supplier - ANSWER✔ A person that operates a travel service for which they have ownership.
TICO is required by the ministry to? - ANSWER✔ Submit an annual report and annual business plan
The provincial ministry of Consumer service is responsible for? - ANSWER✔ Consumer legislation in
Ontario, including the Travel Industry Act, 2002
TICO is managed by? - ANSWER✔ A Board of Directors and a Chief Executive Officer(CEO). The board
represents 15 members, 10 representatives from the travel industry, and 5 individuals appointed by the
ministry to represent cosumers, business and the government. There are currently 10 Board committees
TICO's mission is to? - ANSWER✔ Promote a fair and informed marketplace where consumers can be
confident in their travel purchases.
AND GRADED A+ NEW UPDATE| 2026/2027.
Tico - ANSWER✔ Is a not for profit corporation that regulates, and is financed by the retail and
wholesale travel community
On June 25, 1995 - ANSWER✔ The government delegated the administration of the Travel Industry
Act to the Travel Industry Council of Ontario
What does TICO stands for - ANSWER✔ Travel Industry Council of Ontario
TICO is also responsible for - ANSWER✔ Industry financed Travel Industry Compensation Fund. The
act governs travel retailers and wholesales registered in Ontario.
Travel Industry Act - ANSWER✔ Was found in 2002
End supplier - ANSWER✔ A person that operates a travel service for which they have ownership.
TICO is required by the ministry to? - ANSWER✔ Submit an annual report and annual business plan
The provincial ministry of Consumer service is responsible for? - ANSWER✔ Consumer legislation in
Ontario, including the Travel Industry Act, 2002
TICO is managed by? - ANSWER✔ A Board of Directors and a Chief Executive Officer(CEO). The board
represents 15 members, 10 representatives from the travel industry, and 5 individuals appointed by the
ministry to represent cosumers, business and the government. There are currently 10 Board committees
TICO's mission is to? - ANSWER✔ Promote a fair and informed marketplace where consumers can be
confident in their travel purchases.
