In any action or proceeding upon a claim arising out of conduct regulated by this chapter, service of process may be made upon the secretary of state. When served with process, such official, if possible, immediately shall ascertain the post -office address of such person and shall forward a copy of the process served by registered or certified mail to such person. Such service of process upon the secretary of state for all purposes of such suit, and any verdict rendered or judgment entered therein, must be deemed legal and valid personal service of process the same as though made personally upon such person.
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