TICO Exam Questions and Answers with
Verified Solutions | Latest Updated 2026
What is the Corporate structure of Non-profit
TICO?
TICO is an authority of which Ministry of Small business and Consumer
Ontario Services
government?
TICO is financed by? Registrants
Which is NOT a TICO Board Investments
Committee?
TICO's key stakeholders are: Registrants, Consumers, Ontario
Government
TICO administers the: The travel Industry Act, 2002 and Ontario
Regulation 26/05
How many provinces have travel 3
legislation?
A condition for a new TICO Security deposit of 10,000
registration for a travel agency is
, What type of accounting must Trust accounting
TICO
travel agencies implement?
Which consumer is protected by Any consumer who buys travel from a
TICO regulations TICO
registered travel agency
A written representation may If there are time and space limitations
exclude the TICO registration
number
Which is not an acceptable price total prices less all taxes and charges
representation
Which type of insurance must Trip cancellation insurance
always
be offered?
What fact about accommodation Standards not always the same as in
must be disclosed Canada
what advertising is considered to All of the above
be a. Order the agency to cease advertising
misleading, TICO may b. Order the agency to retract advertising
c.Order the agency to issue a correction to
the
advertising
Verified Solutions | Latest Updated 2026
What is the Corporate structure of Non-profit
TICO?
TICO is an authority of which Ministry of Small business and Consumer
Ontario Services
government?
TICO is financed by? Registrants
Which is NOT a TICO Board Investments
Committee?
TICO's key stakeholders are: Registrants, Consumers, Ontario
Government
TICO administers the: The travel Industry Act, 2002 and Ontario
Regulation 26/05
How many provinces have travel 3
legislation?
A condition for a new TICO Security deposit of 10,000
registration for a travel agency is
, What type of accounting must Trust accounting
TICO
travel agencies implement?
Which consumer is protected by Any consumer who buys travel from a
TICO regulations TICO
registered travel agency
A written representation may If there are time and space limitations
exclude the TICO registration
number
Which is not an acceptable price total prices less all taxes and charges
representation
Which type of insurance must Trip cancellation insurance
always
be offered?
What fact about accommodation Standards not always the same as in
must be disclosed Canada
what advertising is considered to All of the above
be a. Order the agency to cease advertising
misleading, TICO may b. Order the agency to retract advertising
c.Order the agency to issue a correction to
the
advertising
