Which type of insurance agent can serve as both employees and independent contractors?

The managerial agency system agents are capable of functioning as both employees and independent contractors due to the structure of their relationship with the insurance companies they represent. This hybrid nature allows them to have greater flexibility in their operations. Within this system, agents often have their own office and can hire additional agents, resembling an independent contractor model, while simultaneously being supported and trained by the insurance company, similar to an employee.

This dual role allows these agents to benefit from the resources and backing of the insurance company while maintaining a level of independence that comes with being an independent contractor. This is distinct from the other agent types, which typically embody one role or the other without the same flexibility.