Subsidiary Company. Subsidiary company means: 7.46.1 any company in respect of which you (either directly or indirectly through one or more of a) control the composition of the board of directors; or b) control more than half the voting power at a general meeting of shareholders; or c) hold more than half of the issued share capital (regardless of class of share); 7.46.2 any company as defined above (other than any company part of whose issued share capital is offered to the public or otherwise traded on a recognised exchange in North America) which is acquired or created on or subsequent to the inception date of this policy and of which the total assets do not exceed the amount stated on the schedule. 7.46.3 any other company that we has given prior written consent to for its inclusion as a subsidiary company under this policy.
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Sources: Professional Liability Insurance Policy, Professional Liability Insurance Policy, Architects and Engineers Professional Liability Insurance Policy