The next time you're curious about something, do what I do and google it first. From
http://www.onlinelawyersource.com/criminal_law/hit_and_run/law.html:
"The punishment for a hit and run law violation can range. In some cases, a hit and run law violator will be required to compensate the victim for his/her losses, may have their license suspended or revoked, and may also face criminal/punitive fines. In more serious cases an offender may also be required to serve jail time, and may face points on his/her insurance or DVM records. Hit and run law violators may also loss their license or insurance coverage completely as a result of their crime."