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Violation Tracker Global: Individual Record

Company: Apple Canada Inc.
Current Parent CompanyApple Inc.
Parent at the Time of the Penalty Announcement: Apple Inc.
Jurisdiction: Canada
Region: North America
Penalty Currency: Canadian dollar
Penalty Amount in Original Currency: 175,000
U.S. Dollar Equivalent at the Time of the Penalty Announcement: $127,337
Year: 2024
Date: June 14, 2024
Agency: Quebec Financial Markets Authority-AMF
Offense Group: consumer-protection-related offenses
Offense Category: consumer protection violation
Description: On investigation, the AMF concluded that the accidental damage coverage provided in Section 3.2 of the terms conditions of the AppleCare+ Plan constitutes insurance because the covered risk is not limited to device defects or malfunction. Consequently, this coverage must be offered by an insurer and distributed under the distribution without a representative (DWR) regime.
HQ Country of Current Parent: USA
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: electrical and electronic equipment
Specific Industry of Current Parent: computers
Source of Data(click here)
VTG Record ID: VTG24-68876