Find Modification Factor for pt = 0.4 for Mild steel
Answer
A.1.15
B. 2
D. 1.2
C.1.3
Answers
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Answer:
D. 1.2.
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The correct answer is option (D) 1.2.
- The factor by which a standard workers compensation premium is multiplied to reflect an insured's actual loss experience is known as Modification factor.
- For obtaining modification factor, the percentage of steel for slab can be assumed from 0.2 to 0.5%.
- Modification Factor for pt = 0.4 for Mild steel is 1.2.
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