Driving a newly bought car without insurance.?

I just bought a car and they gave me the little pink paper as my license plate until September 5th. Now it doesn't have insurance yet and I can't get that until Monday and then after that I have to get it registered and get my own plates on Wednesday. So if I ended up getting pulled over today because of the no license plate and just a pink paper in my rear window then what is the worse that can happen.
I forgot to mention to say that if I were to get pulled over without committing any traffic violations. The only reason would have to be for the cop to check the pink slip.
United States, Michigan, Genesse County.
I drove it over a hundred miles home with no insurance. I am just assuming the car dealer is the one has insurance on it until it gets faxed over to state farm.
 
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