Section 20-218.01 - Appointment of a statutory agentA. Each domestic insurer shall have and continuously maintain in this state: 1. A known place of business which may be the office of its statutory agent.2. A statutory agent, which agent may be the director, an individual, who has been a resident of this state for three years, a domestic corporation or a foreign corporation authorized to transact business in this state.B. Failure to appoint a statutory agent by a domestic insurer may result in the revocation or suspension of such insurer's certificate of authority.C. The appointment required herein shall be filed with the director.