Chevrolet 2001 Corvette Owner's Manual page 44

To turn off the passenger's air bag, insert your ignition
key into the switch, push in, and move the switch to
AIR BAG OFF.
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The AIR BAG OFF light on the center console switch
panel will come on to let you know that the passenger's
air bag is off. The passenger's air bag will remain off
until you turn it back on again, and the AIR BAG OFF
light will stay on to remind you that the air bag is off.