Who is eligible to be a member of TICO’s Compensation Fund?

The correct answer pertains to the eligibility of consumers who have booked travel through a registered agency. TICO's Compensation Fund is specifically designed to protect consumers in the event of a financial loss related to travel services provided by Ontario-registered agencies. This means that individuals who make travel arrangements through these registered businesses can benefit from the fund if those services are not fulfilled due to agency bankruptcy or other financial issues.

This focus on consumers is crucial because it highlights the protection mechanism in place for those who invest in travel experiences, ensuring they have recourse should something go awry. The fund is not meant for travel agents or businesses themselves, nor does it cover anyone who simply travels without any formal booking through a registered agent. Therefore, eligibility is strictly reserved for consumers directly engaged with authorized travel service providers in Ontario.