Yes, what Herr Mosa mentioned is how I would suggest handling this.

If you have a Program that you want the insert on, save that Program with the insert on. If you want the insert off, save that Program with the insert off. At times when you want the opposite state after loading the Program, use the CC to toggle the opposite state. If possible, you can program your MIDI controller to only send the high CC value for the insert active/byass action.

Otherwise, I can let you know if the momentary active/bypass feature is added in a future update.