azure-cli: Functionapp:az functionapp create fails to create and configure Application Insights for function app in new regions

Describe the bug When trying to create a Linux Consumption Function App in Jio India West and US West 3 regions (these are new regions), we get the following error:

PS C:\Users\pagombar> az functionapp create --name pagombar-usw3-cli --resource-group pagombar --storage-account pagombarusw3 --os-type Linux --runtime dotnet --consumption-plan-location westus3
No functions version specified so defaulting to 3. In the future, specifying a version will be required. To create a 3.x function you would pass in the flag `--functions-version 3`
 
--runtime-version is not supported for --runtime dotnet. Dotnet version is determined by --functions-version. Dotnet version will be 3.1 for this function app.
 
Your Linux function app 'pagombar-usw3-cli', that uses a consumption plan has been successfully created but is not active until content is published using Azure Portal or the Functions Core Tools.
 
Error while trying to create and configure an Application Insights for the Function App. Please use the Azure Portal to create and configure the Application Insights, if needed.

The function app gets created, but not Application Insights. Here is the output when the same command is ran with --debug flag:

cli.azure.cli.core.sdk.policies: Request URL: 'https://management.azure.com/subscriptions/<subscriptionid-removed>/resourceGroups/nzthiwestus33/providers/Microsoft.Insights/components/nzthiwestus333-cli?api-version=2015-05-01'
cli.azure.cli.core.sdk.policies: Request method: 'PUT'
cli.azure.cli.core.sdk.policies: Request headers:
cli.azure.cli.core.sdk.policies:     'Content-Type': 'application/json'
cli.azure.cli.core.sdk.policies:     'Accept': 'application/json'
cli.azure.cli.core.sdk.policies:     'Content-Length': '81'
cli.azure.cli.core.sdk.policies:     'x-ms-client-request-id': 'e59320a7-794c-11ec-8831-c8348e1c4d50'
cli.azure.cli.core.sdk.policies:     'CommandName': 'functionapp create'
cli.azure.cli.core.sdk.policies:     'ParameterSetName': '--name --resource-group --storage-account --os-type --functions-version --runtime --consumption-plan-location --debug'
cli.azure.cli.core.sdk.policies:     'User-Agent': 'AZURECLI/2.32.0 (MSI) azsdk-python-azure-mgmt-applicationinsights/1.0.0
Python/3.8.9 (Windows-10-10.0.22000-SP0)'
cli.azure.cli.core.sdk.policies:     'Authorization': '*****'
cli.azure.cli.core.sdk.policies: Request body:
cli.azure.cli.core.sdk.policies: {"location": "westus3", "kind": "web", "properties": {"Application_Type": "web"}}
urllib3.connectionpool: Starting new HTTPS connection (1): management.azure.com:443
urllib3.connectionpool: https://management.azure.com:443 "PUT /subscriptions/<subscriptionid-removed>/resourceGroups/nzthiwestus33/providers/Microsoft.Insights/components/nzthiwestus333-cli?api-version=2015-05-01 HTTP/1.1" 400 261
cli.azure.cli.core.sdk.policies: Response status: 400
cli.azure.cli.core.sdk.policies: Response headers:
cli.azure.cli.core.sdk.policies:     'Cache-Control': 'no-cache'
cli.azure.cli.core.sdk.policies:     'Pragma': 'no-cache'
cli.azure.cli.core.sdk.policies:     'Content-Length': '261'
cli.azure.cli.core.sdk.policies:     'Content-Type': 'application/json; charset=utf-8'
cli.azure.cli.core.sdk.policies:     'Expires': '-1'
cli.azure.cli.core.sdk.policies:     'X-Content-Type-Options': 'nosniff'
cli.azure.cli.core.sdk.policies:     'Request-Context': 'appId=cid-v1:920e14b1-13f3-461a-a4bb-b4fe6f1a4525'
cli.azure.cli.core.sdk.policies:     'Access-Control-Expose-Headers': 'Request-Context'
cli.azure.cli.core.sdk.policies:     'Strict-Transport-Security': 'max-age=31536000; includeSubDomains'
cli.azure.cli.core.sdk.policies:     'Server': 'Microsoft-IIS/10.0'
cli.azure.cli.core.sdk.policies:     'x-ms-ratelimit-remaining-subscription-writes': '1199'
cli.azure.cli.core.sdk.policies:     'x-ms-request-id': '74b50abd-f7cd-471e-98bb-859322fbb86d'
cli.azure.cli.core.sdk.policies:     'x-ms-correlation-request-id': '74b50abd-f7cd-471e-98bb-859322fbb86d'
cli.azure.cli.core.sdk.policies:     'x-ms-routing-request-id': 'WESTUS2:20220119T172635Z:74b50abd-f7cd-471e-98bb-859322fbb8
6d'
cli.azure.cli.core.sdk.policies:     'Date': 'Wed, 19 Jan 2022 17:26:34 GMT'
cli.azure.cli.core.sdk.policies: Response content:
cli.azure.cli.core.sdk.policies: {"code":"BadRequest","message":"Region doesn’t support Classic resource mode for Application Insights resources. Please use Workspace-based mode.","innererror":{"diagnosticcontext":"e59320a7-794c-11ec-8831-c8348e1c4
d50","time":"2022-01-19T17:26:34.8195205Z"}}
cli.azure.cli.command_modules.appservice.custom: Error while trying to create and configure an Application Insights for the
Function App. Please use the Azure Portal to create and configure the Application Insights, if needed.

To Reproduce Create a function app using azure cli in Jio India West or US West 3.

Expected behavior Function app and Application Insights gets created in all supported regions, including the ones above: Jio India West and US West 3.

Environment summary az-cli v2.30.0 and v2.32.0 on Windows.

Additional context When creating the same app from Azure Portal, the Portal uses apiVersion 2020-02-02-preview, which is newer than the version az CLI uses: 2015-05-01.