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TRAVEL INDUSTRY COUNCIL OF ONTARIO (TICO) FINAL
EXAM AND PRACTICE 2025/2026 NEWEST ACTUAL EXAM
WITH COMPLETE QUESTIONS AND VERIFIED ANSWERS
|ALREADY GRADED A+|
Two months ago, Robert Anderson paid his TICO travel agency
for a package to Cuba. The agency must provide tickets and
vouchers: -ANSWERS-14 days prior to departure
When a retail travel agent resells travel on behalf of a travel
supplier, the retailer must have: -ANSWERS-A written agreement
A travel counselor must verify accommodations: -ANSWERS-
Always to the extent possible and reasonable
Wilson Travel Service frequently has invoices which are more
than one page. Wilson: -ANSWERS-Must provide a notice to the
customer that there are multiple pages
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If a TICO travel agency collects an agency service charge, it
must: -ANSWERS-Indicate the amount on the invoice
The compensation protects TICO travel agency customers from: -
ANSWERS-Cruise line failures
TICO's compensation fund protects TICO agency customers in: -
ANSWERS-All of the above
Ontario
Manitoba
British Columbia
TICO's compensation fund is financed by: -ANSWERS-Travel
agencies and wholesalers
The minimum payment per period into the compensation fund is: -
ANSWERS-$25.00
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The payment into the compensation fund must be accompanied
by a return form certified by: -ANSWERS-An authorized officer of
the payor
The TICO compensation fund is permitted to -ANSWERS-Earn
interest
A claim on the compensation fund by an eligible individual may
not exceed: -ANSWERS-$5,000.00
Walter Adams bought an airline ticket directly from an airline's
website. If the airline became insolvent he can: -ANSWERS-Not
make a claim on the TICO compensation fund
The deadline to file eligible claim to TICO is: -ANSWERS-Within 6
months following the applicable failure
Eligible compensation fund claims are approved by: -ANSWERS-
The TICO board of directors
TRAVEL INDUSTRY COUNCIL OF ONTARIO (TICO) FINAL
EXAM AND PRACTICE 2025/2026 NEWEST ACTUAL EXAM
WITH COMPLETE QUESTIONS AND VERIFIED ANSWERS
|ALREADY GRADED A+|
Two months ago, Robert Anderson paid his TICO travel agency
for a package to Cuba. The agency must provide tickets and
vouchers: -ANSWERS-14 days prior to departure
When a retail travel agent resells travel on behalf of a travel
supplier, the retailer must have: -ANSWERS-A written agreement
A travel counselor must verify accommodations: -ANSWERS-
Always to the extent possible and reasonable
Wilson Travel Service frequently has invoices which are more
than one page. Wilson: -ANSWERS-Must provide a notice to the
customer that there are multiple pages
, Page |2
If a TICO travel agency collects an agency service charge, it
must: -ANSWERS-Indicate the amount on the invoice
The compensation protects TICO travel agency customers from: -
ANSWERS-Cruise line failures
TICO's compensation fund protects TICO agency customers in: -
ANSWERS-All of the above
Ontario
Manitoba
British Columbia
TICO's compensation fund is financed by: -ANSWERS-Travel
agencies and wholesalers
The minimum payment per period into the compensation fund is: -
ANSWERS-$25.00
, Page |3
The payment into the compensation fund must be accompanied
by a return form certified by: -ANSWERS-An authorized officer of
the payor
The TICO compensation fund is permitted to -ANSWERS-Earn
interest
A claim on the compensation fund by an eligible individual may
not exceed: -ANSWERS-$5,000.00
Walter Adams bought an airline ticket directly from an airline's
website. If the airline became insolvent he can: -ANSWERS-Not
make a claim on the TICO compensation fund
The deadline to file eligible claim to TICO is: -ANSWERS-Within 6
months following the applicable failure
Eligible compensation fund claims are approved by: -ANSWERS-
The TICO board of directors
