Module 1 for TICO Exam Questions & Answers 100% Correct.

Tico - ANSWERIs a not for profit corporation that regulates, and is financed by the retail and wholesale travel community On June 25, 1995 - ANSWERThe government delegated the administration of the Travel Industry Act to the Travel Industry Council of Ontario What does TICO stands for - ANSWERTravel Industry Council of Ontario TICO is also responsible for - ANSWERIndustry financed Travel Industry Compensation Fund. The act governs travel retailers and wholesales registered in Ontario. Travel Industry Act - ANSWERWas found in 2002 TICO is required by the ministry to? - ANSWERSubmit an annual report and annual business plan The provincial ministry of Consumer service is responsible for? - ANSWERConsumer legislation in Ontario, including the Travel Industry Act, 2002 End supplier - ANSWERA person that operates a travel service for which they have ownership. TICO is managed by? - ANSWERA 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 works with three groups to carry out its mandate. What are the three groups? - ANSWERconsumers, the travel industry, and the government. Reg