Happy Sat-Your-Day Uncle Old Duke!
Hope you and Mrs. Old Duke are in fine fettle, with all three pedals, and all aces.
Thank you, though, dunno if I'm a sage. I'll try though to help.
Welp, the Volvo 240 SRS was in the earl;y days of the SRS systems. Better to have an air bag to bump into than having your chest pound the padded, if also a collapsing steering column for already then decades in the rear wheel drive Volvo with (we hope) three pedals on the floor.
There may have been a few other automaker that had the front SRS air bags for both driver and front passenger. Though dunno of the makes and models that did, if any.
If you buy a new air bag from Volvo, it may indeed cost you some 2000$. I dunno. I have several of them yet no part number to check like at Tasca Volvo Parts online to see. I'm unsure, yet I believe I read some wheres an air bag from a 1990 240 may not work so well in a 1992 and vice versa. There may have subtle changes (improvements?) year over year.
The air bag in our Volvo 240s is easy to replace. I'll see if I can find some images to show you here in a bit. (We're waiting on the Twinings Lady Grey Tea to make a go of it, if it takes the entire tea pot.)
You want to check on the air bag system, or have the dealer do it. From the air bag computer sensor housing (under the driver or front passenger seat? or is that the cruise control?) power connector to all wire line connectors right up to the air bag. The SRS system usually get some manner of corrosion on the connectors from the computer box to the air bag.
Like I said, I got these air bags for like 35$ a piece or so. There may be some legal reason not to sell unpopped air bags and system components from salvage yards at the state or federal level in Clown-meriKa. Or that may be catalytic converters?
Oh, I see you buy all systems components on eBay, so I guess you can buy used from a salvage yard. It's the spinning contactor thingy under the steering wheel, that if it fails, you have to pull the steering wheel to replace it.
Volvo 240 SRS Parts from VADIS

So it is a component system. The crash sensor is separate? If you get a failed sensor warning when the SRS light is on, check the housing and the wire harness connectors. Get humid under that carpet.

How to remove the air bag, sort of. Just disconnect the battery for like 30 minutes or so so the capacitor that carries the charge to detonate the air bag into expansion de-energizes.
Thank you Uncle Old Duke!
Hope that helps.
Thank you, muh brutha Uncle Old Duke!
Keep the three pedals a peddlin'!
Live from the Middle of the Midwest.
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