Miriam worked as a financial advisor with Acme Investments Inc. Over the period of several years, she stole millions of dollars from the company's clients. She did so by means of a complex and carefully planned series of fraudulent transfers. The company had no reason to believe that anything was wrong until the police arrived one day and explained the entire situation to Acme's president. Which of the following statements is TRUE?

a. If the company's clients sue Miriam in tort law, she may be punished by a term in prison.
b. If Miriam holds a liability insurance policy, she will be protected from liability, even though she deliberately defrauded the company's customers, as long as she is sued for a tort rather than prosecuted for a crime.
c. Acme may be held vicariously liable even though it had no reason to believe that Miriam was acting improperly.
d. While Acme may have liability insurance against personal liability, it cannot have liability insurance against vicarious liability.
e. The doctrine of vicarious liability means that Acme has a duty to defend Miriam if she is sued in tort.