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Correct, airbags are explosive devices and considered hazardous materials. When I was in the AVT Restraints dept. at Ford in the mid-90's we had to take a hazmat class that made this clear to us. Many of the engineers were used to tossing airbag prototypes in the passenger seat to run over to a test lab or supplier facility, so the paperwork requirements struck us all as over-the-top.

The law states a violation of up to $250K per occurrence, or $500K if they can prove you were aware of the law. I still remember old Ed Liuzzo when they passed the class attendance roster around for everyone to sign. He rocked back on his chair, folded his hands TIGHTLY across his chest, and made it absolutely clear he was not going to sign. :-D

BTW, in 2009 I nodded off taking my kids home from a church Christmas party and drifted into the oncoming lane. Even with an airbag the other driver did not survive, but I did with just a few broken bones. So I'm sure it saved my life. I was still recovering when I was assigned to the first lane-keeping camera warning system going into production...