The above answer contains a contradiction - an exchange is required "only if there are any changes to the details" but the link is for a required replacement due to loss, theft, damage or destruction.
Does not a torn/ripped licence fall into the category of "defaced"?
A paper wallet is an offline cold storage wallet for cryptocurrencies. A paper wallet is a great way to store your money if you have nothing else on hand. This technology is what fuels multi-signature wallet and makes all cryptocurrencies ultra safe and secure. The Bitcoin Electrum Wallet is also capable of creating a multi-signature wallet. How to make paper wallet ? A paper wallet is make using a program which randomly generates a private and public key. A hardware wallet supports only a limited range of cryptocurrencies.
https://www.coinedict.com/cryptopedia/explanatory-articles/what-is-a-paper-wallet-how-to-make-paper-wallet-for-different-cryptocurrencies/