TICO Module #5 Exam Questions and
Answers with Verified Solutions | Latest
Updated 2026
What makes up the Fund? Contributions made by registrants
Any money borrowed under this or an
earlier
Regulation
Recoveries of money paid from the Fund
Income earned on the money in the Fund.
What circumstances must the Registrant is bankrupt or insolvent or has
registrant reimburse the Fund for ceased to
any carry on business
claims paid to the registrant's Registrant purchased travel services on
client? the clients
behalf, extending credit to the client, and
the client
paid the registrant for the services, after
the
supplier of the services became bankrupt
or
insolvent or ceased to carry on business.
, What are the 2 possible types of 1. Standard Claim; For services that were
claims on the Fund? paid for
but weren't provided as a result of a failure
of an
Ontario-registered agent or wholesaler or
airline
or cruise line. Clients, agents or
wholesalers may
make a standard claim.
2. Trip Completion Expense Claim; A claim
reasonable expenses incurred to complete
a trip
where a client or another person began a
trip they
cannot complete due to services not being
provided as the result of the failure of a
TICO
registrant. Clients, or agents may make a
trip
completion expense claim.
What reasons may a claim be Bankruptcy or insolvency of a registrant
made Failure of an airline or cruise line end
against the Fund for the non- supplier.
provision of the services?
Answers with Verified Solutions | Latest
Updated 2026
What makes up the Fund? Contributions made by registrants
Any money borrowed under this or an
earlier
Regulation
Recoveries of money paid from the Fund
Income earned on the money in the Fund.
What circumstances must the Registrant is bankrupt or insolvent or has
registrant reimburse the Fund for ceased to
any carry on business
claims paid to the registrant's Registrant purchased travel services on
client? the clients
behalf, extending credit to the client, and
the client
paid the registrant for the services, after
the
supplier of the services became bankrupt
or
insolvent or ceased to carry on business.
, What are the 2 possible types of 1. Standard Claim; For services that were
claims on the Fund? paid for
but weren't provided as a result of a failure
of an
Ontario-registered agent or wholesaler or
airline
or cruise line. Clients, agents or
wholesalers may
make a standard claim.
2. Trip Completion Expense Claim; A claim
reasonable expenses incurred to complete
a trip
where a client or another person began a
trip they
cannot complete due to services not being
provided as the result of the failure of a
TICO
registrant. Clients, or agents may make a
trip
completion expense claim.
What reasons may a claim be Bankruptcy or insolvency of a registrant
made Failure of an airline or cruise line end
against the Fund for the non- supplier.
provision of the services?
