I. Insurance is meant to help an insured profit from a loss. II. The actual cash value of property is calculated as replacement cost and does not account for depreciation.

• A. I is true and II is true
• B. I is true and II is false
• C. I is false and II is true
• D. I is false and II is false

Andriana Stefak mentioned a claim she was involved in where one of her company's trucks backed into a person's vehicle and caused damage. The person then sued the company for which Andriana was working to collect for the damage. What type of loss exposure is illustrated here?

• A. Liability
• B. Property
• C. Personal
• D. Products