Splitting the commission with the buyer on a sale of insurance is known as

Coercion involves pressuring an individual to act against their will or better judgment, typically through threats or intimidation. In the context of insurance sales, coercion implies forcing a decision rather than providing a financial incentive, making it unrelated to the practice of sharing commissions.

Binding refers to the act of creating a legally enforceable agreement or contract, particularly in insurance where binding coverage means the insurer is obligated to provide coverage immediately. This term does not relate to the financial arrangements or commission structures involved in insurance sales.

Soliciting is the process of actively seeking out clients or customers to offer insurance products or services. While soliciting is a crucial part of the sales process, it does not involve the financial arrangement of splitting commissions, which is specifically what rebating addresses.