You got it right. Of course, to see it on your car, you'll need to take that bottom cover panel off, then twist and contort your body where you can see up in there where the switch is, then remove the wire connection just to see if the lamp goes out. If it does, then you may be on to something. It could be the lever spring is weakening and isn't making the lever come back to completely "off" position. Or it could be the switch. But if it still is on, it's likely something else.LOL! While I do "HAVE" the Fisher Body Manual and the Olds Chassis Service Manual, I have not yet relocated them after my move. So your information, and especially this picture, are very helpful. Do I have the switch and bolt properly identified in the attached picture? And sorry about the "Geezer"!! I didn't realize this forum assigned names based on usage. Was surprised to see my "Not-Quite-So-New".