TICO TEST PAPER 2026 COMPLETE
QUESTIONS WITH ANSWERS GRADED A+
● Travel wholesaler. Answer: a person who acquires rights to travel
services for the purpose or resale to a travel retailer who carries on the
business of dealing with travel retailers or travel wholesaler for the sale
of travel services provided by another person
● Travel counsellor. Answer: individual who must be in the
employment of or under contract for a travel retailer for the purposes of
selling to customers on behalf of the travel retailer.
● outside sales representative. Answer: the registrant must record sales
representative as either an employee or a contractor for the company
● Registrant. Answer: travel retailer o wholesaler who is registered in
Ontario
● Non registrant. Answer: the company, the organization or individual
that sells or supplies travel services but is not registered in Ontario
● TICO. Answer: The travel industry Council of Ontario
, ● Registrar. Answer: Appointed by TICO board of directors to carry out
its administrative and regulatory functions
● Statutory director. Answer: appointed by the TICO Board of Directors
to perform specific statutory functions. In the absence of the director
max 2 deputy directors
● license appeal tribunal. Answer: independent adjudicative tribunal
created under the Licence Appeal Tribunal Act, 1999 to hear appeals and
render decisions respecting compensation claims.
● registration system. Answer: meet certain criteria to obtain
registration before they can lawfully operate and sell travel services
● posting security. Answer: new registrants to deposit 10,000 dls
● compensation fund. Answer: Ontario has a legislated industry
financed travel compensation fund
● trust account. Answer: pay for consumers expenses
● general account. Answer: pay for business expenses
QUESTIONS WITH ANSWERS GRADED A+
● Travel wholesaler. Answer: a person who acquires rights to travel
services for the purpose or resale to a travel retailer who carries on the
business of dealing with travel retailers or travel wholesaler for the sale
of travel services provided by another person
● Travel counsellor. Answer: individual who must be in the
employment of or under contract for a travel retailer for the purposes of
selling to customers on behalf of the travel retailer.
● outside sales representative. Answer: the registrant must record sales
representative as either an employee or a contractor for the company
● Registrant. Answer: travel retailer o wholesaler who is registered in
Ontario
● Non registrant. Answer: the company, the organization or individual
that sells or supplies travel services but is not registered in Ontario
● TICO. Answer: The travel industry Council of Ontario
, ● Registrar. Answer: Appointed by TICO board of directors to carry out
its administrative and regulatory functions
● Statutory director. Answer: appointed by the TICO Board of Directors
to perform specific statutory functions. In the absence of the director
max 2 deputy directors
● license appeal tribunal. Answer: independent adjudicative tribunal
created under the Licence Appeal Tribunal Act, 1999 to hear appeals and
render decisions respecting compensation claims.
● registration system. Answer: meet certain criteria to obtain
registration before they can lawfully operate and sell travel services
● posting security. Answer: new registrants to deposit 10,000 dls
● compensation fund. Answer: Ontario has a legislated industry
financed travel compensation fund
● trust account. Answer: pay for consumers expenses
● general account. Answer: pay for business expenses
