On the form that the Commissioner provides, each nonresident applicant for a license must appoint the Commissioner as attorney for service of process issued against the applicant in the State. The appointment: is irrevocable; binds the applicant and any successor in interest; and remains in effect as long as there is in force in the State a contract made by the applicant or an obligation arising from a contract made by the applicant. Each nonresident applicant for a license shall provide the Commissioner with the name and address of a resident of the State on whom notice and orders of the Commissioner and process issued against the applicant may be served. A nonresident licensee promptly shall notify the Commissioner of a change in its designated agent for service. A change is not effective until acknowledged by the Commissioner.