Just like uhtrinity said, it isn't a circuit breaker, it is a service disconnect switch so that way the battery is disconnected so the cover can be opened without exposing oneself to high voltage. ...once the capacitors discharge themselves after about 5 minutes or so.
What cleared the IMA light was pulling the 12v battery which reset the MCM and caused it to do a relearn. I wouldn't count on the IMA light not coming back on and I wouldn't say you 'proved that you fixed the problem'. You might be okay for now but if you get a recal after parking it for a few days without driving it or if you can't get it to span between say 4 bars and 16 bars going back and forth without it discontinuing the charge or assist it is doing and the bars move to the top or bottom before it gets to either of the two points, you'll know that the days of your pack are numbered.
Good luck! $3500 isn't a bad price, even if you need battery repair(which can be done cheaper through
Hybrid-Battery-Repair , especially with the possible demand/price increase of the Insight and other high MPG cars caused by once-again rising gas prices.