Final answer:
In the event of an accident, individuals should exchange their driver's license and insurance information to facilitate insurance claims and accident reports while protecting against identity theft.
Step-by-step explanation:
When involved in an accident, the documents that you must exchange are your driver's license and insurance information. This is to ensure that all parties involved have the necessary information to file insurance claims and reports as needed. It is crucial not to exchange sensitive personal information such as your social security number, bank account details, passport, credit card information, birth certificate, or academic transcripts as this could lead to identity theft and other privacy concerns.