TICO Module 1 Exam Questions And Answers 2023 Solution 100% Verified Correct.

TICO Module 1 Exam Questions And Answers 2023 Solution 100% Verified Correct June 25, 1997 - CORRECT ANS -The ON government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario. TICO - CORRECT ANS -Travel Industry Council of Ontario TIA - CORRECT ANS -Travel Industry Act Travel Industry Compensation Fund - CORRECT ANS -Refunds (fully or in part) eligible consumers who bought travel services from an Ontario-registered travel agency but did not receive them because of the bankruptcy or insolvency of a registrant or an airline or cruise line end supplier. End supplier - CORRECT ANS -A person that operates a travel service for which they have owner-ship. Examples of end suppliers include airlines, cruise lines, hotels and car rental companies. Do end suppliers need to be registered under the travel industry act, 2002? - CORRECT ANS -No, provided that they do not otherwise act as a travel agent or travel wholesaler in Ontario. The Travel Industry Compensation Fun does not cover the non-provision of travel services by an end supplier except for... - CORRECT ANS -Airlines and cruise lines Who is TICO financed by? - CORRECT ANS -The registration fees of travel agencies and travel wholesalers registered in Ontario. Those same agencies and wholesalers also finance the Travel Industry Compensation Fund.