Which of these statements referring to a Premium Fund Trust Account $($PFTA$)$ is FALSE?

A: A producer may keep a credit balance due to an insured past $15$ days without written authorization to do so$.$

B: A PFTA investment must be made in the name of the PFTA.

C: Any PFTA investments made must be evidenced by the producer who must keep detailed records of such investment cash flows.

D: PFTA bank statements must be balanced monthly.