Tico module 5 Samenvattingen, Notities en Examens

The Fund is made up of: ANSWER-contributions made by registrants Any money borrowed under this or an earlier Regulation Recoveries of money paid from the Fund; and Income earned on the money in the Fund. Section 72 of the Regulation ANSWER-TICO has the legal right to borrow money to supplement the Fund. Section 70 of the Regulation ANSWER-A registrant is required to reimburse the Fund for any claims paid to the registrant’s customers under certain circumstances

TICO Module 5

TICO Module 5 Exam Section 52 of the Regulation - Correct answer-Purpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to : - Correct answer-protect consumers who purchase travel services from Ontario-registered retailers. If travel services cannot be provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be...

TICO Module 5

TICO Module 5 Exam Questions And Answers 2023 Solution 100% Verified Correct Section 52 of the Regulation - CORRECT ANS -Purpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to: - CORRECT ANS -protect consumers who purchase travel services from Ontario-registered retailers. If travel services cannot be provided because of the financial failure of a registrant or an ai...

TICO Module 5

TICO Module 5

TICO Module 5. Questions and answers latest update

Section 52 of the Regulation Purpose of the travel Industry compensation Fund The purpose of the Travel Industry Compensation Fund (usually referred to simply as the Compensation Fund, or the Fund) is to : protect consumers who purchase travel services from Ontarioregistered retailers. If travel services cannot be provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be eligible to: receive compensation from the Fund....

Purpose of the travel Industry compensation Fund - ANSWER-to protect consumers who purchase travel services from Ontario-registered retailers If travel services cannot be provided because of the financial failure of a registrant or an airline or cruise line end supplier, then a consumer may be eligible to receive compensation from the Fund Travel Industry Compensation Fund Notes - ANSWER-"Compensation Fund" Consumers do not have to live in Ontario to be covered by the Fund. As lon...