At max level the Wound Class Mod grants the following effect:
On Kill (lasts 8s):
+30% Fire Rate
The duration of the Wound Class Mod is not impacted by Kill Skill duration boosts.
Borderlands 2 Class Mods can boost up to 6 different skills by 4, 5 or 6 Points. A Class Mod's Bonus Point distribution depends on its rarity, level and parts.
Here are the optimal distributions for each rarity at level 50 and above:
Legendary: (4/4/4/4/4) or (5/5/5/5/5)
The Skills an Armor comes with depend on the 2 Classes Powers and their order. Select the Main and Secondary Class to see the Armor's Prefix and which skills it can have.
Base Game - World Drop
Borderlands 2 World Drops are items that drop from any suitable Loot Source in addition to their dedicated sources.
There are 67 unique items in the World Drop pool, so for farming 1 of the 6 class mods it's best to seek out its dedicated Loot Source.
If you still want to test your luck, you should equip a Vault Hunter's Relic to indirectly increase your chance of a World Drop Legendary.
Suitable Loot Sources:
Loot Luck Formula
P = Dedicated Loot Pool Chance
L = Loot Luck
⚙️ Recipe for mentioned chances