uninsured but lucky??

What is the name of your state? CA
i stupidly let my insurance expire and before i could renew, i got into a car accident. it was my fault, very minor damage on both our parts--nothing medical. the other party contacted his insurance company but did not reveal that i was uninsured. the insurance company called me and asked for my insurance policy. i didn't call back. the next day, the other driver called me and said let's just settle w/o dealing w/insurance. he will not file claim w/insurance company, said he just panicked after accident and called them but agreed not to go through them. he will be faxing me an estimate which i have agreed to pay in cash.

do i still need to deal with his insurance company--ie do they need to know that i was uninsured and, if so, will they report it to DMV? will my license be suspended?

i have since signed up for insurance but since my car is going to need to get fixed, will i need to report the accident to my new insurance company?

i am willing to do whatever i need to do to make the situation right--I know it was my fault in not renewing insurance. but if i can avoid getting my license suspended (ie having DMV find out), that would be great. thanks a lot.

[JETX]

If you pay for the other persons damages and absorb the cost of your own repair, I see no requirement for anyone (DMV) to know of your uninsured status.... this time!!

When you pay the bill(s), be sure to get a signed Release from the other driver..... oh, and go out and get insurance. You may not be so 'lucky' next time.