If it was you that fell asleep, you should go to the police before the police come to you.
I doubt anything. Seriously. Three teenage girls were killed by their driver whom fell asleep at the wheel and all he got was 2 year probation. Reason being: Louisiana doesn't have a law stating falling asleep at the wheel is punishable. Guess it depends on the state your in.
They would be charged
It depends on the road, conditions, and what speed the driver(s) does.
the driver's license would be suspended.
It depends on the circumstances and the legislation of the country concerned
If the uninsured driver had the permission of the insured driver to operate the vehicle then NOTHING will happen to the uninsured driver. In fact, in this case he or she is not an uninsured driver at all. The insurance follows the vehicle first, the driver second.
They would lose there license
They would be charged with leaving the scene of an accident in addition to any other charges regarding the cause. There is no requirement to help the other driver.
their license would be REVOKED.
huh ? o.O -.-
If you have a vehicle/policy of your own or that you are rated on, then it more than likely will step in, (subject of course to any exclusions), the owner and driver both are responsible.