Fiber-reinforced polymer composites offer inherent advantages over traditional metallic materials in a number of different ways; however, these materials are also highly susceptible to impact damage. In this paper, we explore the response of FRP (fiber reinforced polymer) composites under impact conditions that could result in their rupture or catastrophic failure. The work performed was aimed at developing a general, data-driven equation for initially-stressed, flat, composite plates that would differentiate between impact conditions that would result in only a hole or crack and those which would cause catastrophic plate failure or rupture. If this equation were to be subsequently shown to also model the rupture/non-rupture behavior of, for example, composite overwrapped pressure vessels, then it could also be used to appropriately tailor the design parameters and/or operating conditions of such pressurized tanks.