TICO EXAM AND PRACTICE EXAM 2025
WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS |ALREADY GRADED A+|NEWEST
|LATEST UPDATE |GUARANTEED PASS
The term "representation" in the Travel Industry Act refers to...
• Print advertisements except for billboards
• Oral presentation only
• Print representation only
• Presentation of any type, including oral, print, and electric
• Presentation of any type, including oral, print, and electric (correct answer)
Complaints to TICO are handled by...
• Ontario Travel Agents
• TICO
• Ministry of small business and consumer affairs
• The Director
• TICO (correct answer)
Who makes up the TICO Board of Directors?
• 10 representatives from the travel industry and 5 appointed by the Ministry
• 12 members from the Ministry
• 11 appointed by the Ministry and 4 representative of the travel industry
• 15 members from the travel industry
• 10 representatives from the travel industry and 5 appointed by the Ministry (correct answer)
The Jones have booked an all inclusive vacation from an Ontario Travel Agency. The resort went
bankrupt and closed down. Are the Jones's entitled to a refund from the Compensation Fund?
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,• No, the fund only covers bankruptcy of airlines and cruise lines
• yes, the Ontario travel Agent would recommend travel insurance
• Yes, the purchased through an Ontario Travel Agency
• No, the resort is in Mexico
• No, the fund only covers bankruptcy of airlines and cruiselines (correct answer)
What is the purpose of the Advisory Committee?
• Individuals representing various consumer interests that give TICO input and a consumer
perspective on issues
• TICO uses it to advise consumers
• Committee that advises TICO on when payments are appropriate
• Committee that regulates use of the Compensation Fund
• Individuals representing various consumer interests that give TICO input and a consumer
perspective on issues (correct answer)
There are how many Board Committee for TICO?
• 10
• 15
• 12
•5
• 10 (correct answer)
Who is registered if an Agency in Mississauga employs a manager and 2 travel agents?
• Only the manager
• Only the agency is registered
• Only the two travel agents
• The manager and both travel agents
• Only the agency is registered (correct answer)
Do end suppliers need to be registered with TICO?
• Yes
• Only if they also act as a travel agent
• No
• Only if they are located in Ontario
• Only if they also act as a travel agent (correct answer)
Who is a registrant?
• Appointed by the Board of Directors to run its administrative and regulatory duties
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, • Travel agent and travel wholesaler who is registered as a travel agent or wholesaler under the
Travel Industry Act
• The consumer purchasing travel
• Travel Agents
• Travel agent and travel wholesaler who is registered as a travel agent or wholesaler under the
Travel Industry Act (correct answer)
What is a Trust Account?
• An account where consumer payment are deposited and the money is to be used to pay for
travel purchases for the consumer
• An open account with at least $10,000 in it
• An account only the government can access
• An account that is trusted to contain the correct amount of money
• An account where consumer payment are deposited and the money is to be used to pay for
travel purchases for the consumer (correct answer)
Which is either to change, a Regulation or an Act?
• Regulation
• Act
• Both are easy
• Neither can be changed
• Regulation (correct answer)
Who does TICO regulate and Finance?
• Travel agents and consumers
• Expedia
• The retail and wholesale community
• Consumers purchasing travel services
• The retail and wholesale community (correct answer)
Jason from Manitoba purchased a vacation from an Ontario travel agent which included a
wholesaler from Manitoba. The wholesaler went bankrupt, is Jason covered?
• No, he should have bought from Expedia
• No, Jason is from Manitoba
• Yes, he bought through an Ontario travel agency
• No, the Manitoba wholesaler is not covered
• No, the Manitoba wholesaler is not covered (correct answer)
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WITH ACTUAL CORRECT QUESTIONS AND
VERIFIED DETAILED ANSWERS
|FREQUENTLY TESTED QUESTIONS AND
SOLUTIONS |ALREADY GRADED A+|NEWEST
|LATEST UPDATE |GUARANTEED PASS
The term "representation" in the Travel Industry Act refers to...
• Print advertisements except for billboards
• Oral presentation only
• Print representation only
• Presentation of any type, including oral, print, and electric
• Presentation of any type, including oral, print, and electric (correct answer)
Complaints to TICO are handled by...
• Ontario Travel Agents
• TICO
• Ministry of small business and consumer affairs
• The Director
• TICO (correct answer)
Who makes up the TICO Board of Directors?
• 10 representatives from the travel industry and 5 appointed by the Ministry
• 12 members from the Ministry
• 11 appointed by the Ministry and 4 representative of the travel industry
• 15 members from the travel industry
• 10 representatives from the travel industry and 5 appointed by the Ministry (correct answer)
The Jones have booked an all inclusive vacation from an Ontario Travel Agency. The resort went
bankrupt and closed down. Are the Jones's entitled to a refund from the Compensation Fund?
1|Page
,• No, the fund only covers bankruptcy of airlines and cruise lines
• yes, the Ontario travel Agent would recommend travel insurance
• Yes, the purchased through an Ontario Travel Agency
• No, the resort is in Mexico
• No, the fund only covers bankruptcy of airlines and cruiselines (correct answer)
What is the purpose of the Advisory Committee?
• Individuals representing various consumer interests that give TICO input and a consumer
perspective on issues
• TICO uses it to advise consumers
• Committee that advises TICO on when payments are appropriate
• Committee that regulates use of the Compensation Fund
• Individuals representing various consumer interests that give TICO input and a consumer
perspective on issues (correct answer)
There are how many Board Committee for TICO?
• 10
• 15
• 12
•5
• 10 (correct answer)
Who is registered if an Agency in Mississauga employs a manager and 2 travel agents?
• Only the manager
• Only the agency is registered
• Only the two travel agents
• The manager and both travel agents
• Only the agency is registered (correct answer)
Do end suppliers need to be registered with TICO?
• Yes
• Only if they also act as a travel agent
• No
• Only if they are located in Ontario
• Only if they also act as a travel agent (correct answer)
Who is a registrant?
• Appointed by the Board of Directors to run its administrative and regulatory duties
2|Page
, • Travel agent and travel wholesaler who is registered as a travel agent or wholesaler under the
Travel Industry Act
• The consumer purchasing travel
• Travel Agents
• Travel agent and travel wholesaler who is registered as a travel agent or wholesaler under the
Travel Industry Act (correct answer)
What is a Trust Account?
• An account where consumer payment are deposited and the money is to be used to pay for
travel purchases for the consumer
• An open account with at least $10,000 in it
• An account only the government can access
• An account that is trusted to contain the correct amount of money
• An account where consumer payment are deposited and the money is to be used to pay for
travel purchases for the consumer (correct answer)
Which is either to change, a Regulation or an Act?
• Regulation
• Act
• Both are easy
• Neither can be changed
• Regulation (correct answer)
Who does TICO regulate and Finance?
• Travel agents and consumers
• Expedia
• The retail and wholesale community
• Consumers purchasing travel services
• The retail and wholesale community (correct answer)
Jason from Manitoba purchased a vacation from an Ontario travel agent which included a
wholesaler from Manitoba. The wholesaler went bankrupt, is Jason covered?
• No, he should have bought from Expedia
• No, Jason is from Manitoba
• Yes, he bought through an Ontario travel agency
• No, the Manitoba wholesaler is not covered
• No, the Manitoba wholesaler is not covered (correct answer)
3|Page
