TICO PRACTICE EXAM 2026 TEST PAPER
QUESTIONS AND SOLUTIONS GRADED A+
⩥ TICO is an authority of which Ontario government? Answer: Ministry
of Small business and Consumer Services
⩥ TICO is financed by? Answer: Registrants
⩥ Which is NOT a TICO Board Committee? Answer: Investments
⩥ TICO's key stakeholders are: Answer: Registrants, Consumers,
Ontario Government
⩥ TICO administers the: Answer: The travel Industry Act, 2002 and
Ontario Regulation 26/05
⩥ How many provinces have travel legislation? Answer: 3
⩥ A condition for a new TICO registration for a travel agency is Answer:
Security deposit of 10,000
⩥ What type of accounting must TICO travel agencies implement ?
Answer: Trust accounting
, ⩥ Which consumer is protected by TICO regulations Answer: Any
consumer who buys travel from a TICO registered travel agency
⩥ A written representation may exclude the TICO registration number
Answer: If there are time and space limitations
⩥ Which is not an acceptable price representation Answer: total prices
less all taxes and charges
⩥ Which type of insurance must always be offered? Answer: Trip
cancellation insurance
⩥ What fact about accommodation must be disclosed Answer: Standards
not always the same as in Canada
⩥ what advertising is considered to be misleading, TICO may Answer:
All of the above
a. Order the agency to cease advertising
b. Order the agency to retract advertising
c.Order the agency to issue a correction to the advertising
⩥ Micheal Wilson purchased a trip from his TICO registered travel
agency. Prior to departure, the dates for the trip are no longer going to be
QUESTIONS AND SOLUTIONS GRADED A+
⩥ TICO is an authority of which Ontario government? Answer: Ministry
of Small business and Consumer Services
⩥ TICO is financed by? Answer: Registrants
⩥ Which is NOT a TICO Board Committee? Answer: Investments
⩥ TICO's key stakeholders are: Answer: Registrants, Consumers,
Ontario Government
⩥ TICO administers the: Answer: The travel Industry Act, 2002 and
Ontario Regulation 26/05
⩥ How many provinces have travel legislation? Answer: 3
⩥ A condition for a new TICO registration for a travel agency is Answer:
Security deposit of 10,000
⩥ What type of accounting must TICO travel agencies implement ?
Answer: Trust accounting
, ⩥ Which consumer is protected by TICO regulations Answer: Any
consumer who buys travel from a TICO registered travel agency
⩥ A written representation may exclude the TICO registration number
Answer: If there are time and space limitations
⩥ Which is not an acceptable price representation Answer: total prices
less all taxes and charges
⩥ Which type of insurance must always be offered? Answer: Trip
cancellation insurance
⩥ What fact about accommodation must be disclosed Answer: Standards
not always the same as in Canada
⩥ what advertising is considered to be misleading, TICO may Answer:
All of the above
a. Order the agency to cease advertising
b. Order the agency to retract advertising
c.Order the agency to issue a correction to the advertising
⩥ Micheal Wilson purchased a trip from his TICO registered travel
agency. Prior to departure, the dates for the trip are no longer going to be
