If the voters approve a constitutional amendment repealing the authority for the department of insurance pursuant to article XV, section 5, Constitution of Arizona:
1. The department of insurance and financial institutions terminates on July 1, 2033.
2. Title 6, title 20, title 32, chapters 9 and 36, title 41, chapter 31, title 44, chapter 2.1 and this section are repealed on January 1, 2034.